1. The one named in the policy to receive the insurance proceeds in case of the death of the one taking out the policy is the:

Insured

Insurer

Beneficiary

Both insured and beneficiary

None of these

2. Determine the payment to amortize the debt. (Round your answer to the nearest cent.)

Quarterly payments on $19,500 at 3.6% for 6 years.

3. The Federal reserve's margin requirements apply to:

a. stocks listed on the exchanges and bonds convertible into those stocks

b. corporate, municipal, and U.S. government and agency bonds

c. those over-the-counter securities designated by the federal reserve

d. "a" and "c" are correct

e. all of the above are correct