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Commerce · Q232

Insurance

Graduate and Post Graduate · Commerce · question 232

Q232

Annuity belongs to

A.
One where the annuity amount is fixed (guaranteed)
B.
One where the annuity amount is variable (linked to investment performance)
C.
Both A & B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Annuity belongs to one where the annuity amount is fixed (guaranteed) and one where the annuity amount is variable (linked to investment performance).