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"A Special Type of Annuity That Involves a Contract Between

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"A special type of annuity that involves a contract between the annuitant and insurer in which insurer credits the annuity account with return amounts based on changes in an equity index such as the S&P500 (composite price index) ," is:


Definitions:

Competitive Spectrum

The range of competition levels across different markets or industries, highlighting the variations from monopolies to perfectly competitive markets.

American Industry

Refers to the manufacturing, production, and services sectors within the United States that are significant contributors to its economy.

Cutthroat Competition

A market situation characterized by aggressive price cutting and marketing strategies among competitors aimed at gaining a larger market share.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.

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