QUESTION 14 1 points Save Answer Which life insurance policy usually requires the insured to pay a level premium for the duration of the policy, and the overpayment accumulates as a cash value that can be borrowed by the insured at reasonable rates? Whole life O Term O Universal life O None of the above QUESTION 15 1 points Save Answer Governors consists of: Normally, the Board O 12 members O 8 members 0 7 members O 5 members. QUESTION 16 1 points Save Answer Mutual funds offer investors all of the following except O greater-than-average returns. O diversified portfolios. O lower transaction costs. O professional Investment management QUESTION 17 1 points Save Answer Increasing the discount rate is consistent with an attempt to: O stimulate economic activity O restrain inflation O increase inflation O stimulate construction spending. QUESTION 18 1 points Save Answer To stimulate economic activity the Fed could initiate an open market purchase. TRUE O FALSE. QUESTION 19 1 points Save Answer Each member of the Board of Governors is appointed by the president and confirmed by the Senate to serve: O 4-year terms O 6-year terms O 14-year terms O as long as the appointing president remains in office