Which of the Following Accurately Represents the Cardinality for the Two

question 48

Multiple Choice

Which of the following accurately represents the cardinality for the two entities in the production cycle?

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Definitions:

Deferred Annuity

An insurance product that delays income payments until the investor elects to receive them, typically at retirement.

Ordinary Annuity

A sequence of identical payments scheduled at consistent intervals where the interest accumulates after each cycle.

Deferred Annuity

A financial agreement which postpones the disbursement of income, periodic payments, or a one-time amount until chosen by the investor to be received.

Ordinary Annuity

Equal financial transactions executed at the close of each interval across a specific period.