4. An annuity can be defined as: a. A complex branch of life insurance b. A periodic payment that continues for a fixed period or the duration of a life C. A mutual fund for a fixed period or the duration of a life d. When a currency is traded on an exchange 5. The United States leads the world in: a. Low cost health care b. Low cost pharmaceuticals C. Total spending on health care d. The ratio between health care and pharmaceuticals 6. The Affordable Care Act individual mandate: a. Required most people in the U.S. to obtain health insurance b. Subsidized citizens financially if they did not obtain health insurance C. Mandated health care at most hospitals across the country d. Mandated individual persons under 26 years of age to remain on their parent's policy 7. Employee benefits provided by employers: a. Must include disability plans to receive governmental approval b. Were prohibited by law between 1910 and 1925 C. Are employer sponsored benefits other than wages d. All of the above