A6. Which of the following provisions can an insured use lo pul a policy in force that has lapsed as a resull of nonpayment of premium? A.Reinstatement B.Regal Actions C.Grace Period D.Time Limil on Certain Defenses
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A6.
Which of the following provisions can an insured use lo pul a policy in force that has lapsed as a resull of nonpayment of premium?
A.Reinstatement
B.Regal Actions
C.Grace Period
D.Time Limil on Certain Defenses
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- Identify and explainthe three factorsaffecting the riskstructure of interestratesThe Time of Payment of Claims provision requires that an insurance company pay Disability Income benefits no less frequently than. A.annually B.semiannually C.quarterly D.monthlyWhich Defined Benefit Pension Plan income option will provide the highest monthly pension income to the retiree? Select one: a. Single Lifetime b. Joint Lifetime, 5-year guarantee, reduced by 1/3 c. Joint Lifetime, 5-year guarantee d. Single Lifetime, 5-year guarantee
- Bank Risks] Banks sometimes issue large, mark etable certificates of deposits when other deposits declin e. The chart below exhibits the ratio of large time deposits to the total deposits in commercial banking industry in the US from 1995 to 2008. As you can o bserve, large time deposits had become increasingly important source of funds for banks. Note that a time deposit is an in terest-bearing bank deposit wi th a specified period of maturity. It is a mon ey deposit at a banking in stitution that cannot be withdrawn for a specific term or period of time. FRED - Large Time Deposits, Al Commercial Banks/Deposits, Al Commercial Bariks 0.32 0.30 0.28 0.26 0.24 0.22 020 0.18 a16 014 0.12 1996 1998 2000 2002 2004 2006 2008 Source Board of Governors of the Federal Reserve System (US) mytredig/F2kV What type of bank risk(s) (Liqui dity risk, credit risk, interest-rate risk, trading risk) does more likely account for this increase in large time dep osits and why? B. of U.S. S/BIl. of U.S. SWhat are some ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whether the borrower will repay the loan?Suppose you are in charge of the financial departmentof your company and you have to decide whether toborrow short or long term. Checking the news, yourealize that the government is about to engage in amajor infrastructure plan in the near future. Predictwhat will happen to interest rates. Will you advise borrowing short or long term?
- question 9 Consider the credit contract with collateral in the adverse selection problem from our class. The incentive compatibility constraint for the low risk type borrower states that obesvarad options a. The low risk type borrower is indifferent between applying for the low risk type credit contract and the high risk type credit contract. b. The low risk type borrower prefers applying for the low risk type credit contract over the non-participation c. The low risk type borrower only applies for the low risk type credit contract. d. The low risk type borrower derives higher utility than the risk type borrower. question 10 According to Diamond and Dybvig (1983), why does a bank run happen? options a. Because banks can have a liquidity problem without being insolvent. b. Because agents do not know their types at the beginning. c. (economic) interest. d. Because banks always need to borrow money to pay for the liquidity needs in period 1.How can deductibles, copayments, and coinsurance reduce moral hazard?1) Which statement is NOT correct for a character of remittance?. A) High risk B Bank Credit C Simple process D)Imbalance of cash burden 2) Which party will an export contact for amending if the exporter found any mistake after his examing a letter of credit ? A conforming bank B advising bank C The issuing bank d)lmporter 3) Under which term will an importer pay less cost of delivery? a)CFR/CIF Ex Ship's Hold b)CFR/CIF Landed c)CFR/CIF Liner Terms D)CFR/CIF Ex Tackle 4) Under which term will an importer pay less cost of delivery? A) CFR/CIF Ex Ship's Hold B) CFR/CIF Landed C) CFR/CIF Liner Terms D)CFR/CIF Ex Tackle 5) As an exporter in China, you got an offer from an importer from USA. Which of following price quotation is not correct in the offer? A USD 100 metric tons FOB Shanghai B USD 100 metric pairs CIF New York USD 100 metric tons CFR Shanghai D USD 100 metric tons CPT New York
- Assume the annual fixed term deposit rate is 3.4% in a New Zealandbank. Mary has $10,000 and plans to deposit into the bank for two years. She also wants thebank to reinvest her interests. The bank gives her the option to choose payment frequencyin each year from 1, 2, and 4. The frequency tells how many times the bank pays her theinterests. Suppose there is no interest tax.a) How much Mary will get when the deposit matures after two years, when the interestpayment frequencies per year are 1, 2, and 4 times, respectively? Which option is bestfor Mary? [5 marks]b) Former Chief Economist, John McDermott, in the Reserve Bank of New Zealand, saysthat inflation is a thief in your wallet. Suppose the inflation rate in New Zealand inthe coming a few years is 2%. What are the real rates of returns of the annual bankdeposit rate under the approximation rule, and in the exact relationship, respectively.21- Who gets paid after the death of the policy-holder/insured? a. The husband/wife of the policy-holder b. The husband/wife of the policy-holder plus the children c. Designated beneficiary d. A charity organization11. Mr. Wingate's accident protection cost 173.50 each year. His arrangement was dropped 115 days after it became real. What amount was his discount if (a) he dropped the arrangement or (b) the insurance agency dropped the arrangement?
