Hospitals document reserves as that portion of the accounts receivables that they hope to collect but have some doubt about its collectability. Rather than book these amounts as income, hospitals will "____________" These amounts until paid.

• A. Income expense
• B. Bad debts
• C. All (Allowance for loans and lease losses)
• D. Reserve

Some small businesses keep funds in a savings account to gain interest on:

• A. Fixed assets
• B. All of these
• C. Liquid assets
• D. Loans

The fund prospectus is the document that provides a general overview and description of the fund. The intent is to provide a potential investor with enough information to make a sound financial decision. The following information is generally placed in a prospectus EXCEPT:

• A. Condensed financial information (including annual rate of return and fees)
• B. How to purchase and redeem shares
• C. All the management staff
• D. General description of the fund

___________ are investment securities that do not fall under one of the other types of securities. Examples of these are Type III securities including corporate bonds and municipal bonds.

• A. Type I Securities
• B. Type II Securities
• C. Type IV Securities
• D. Type III Securities

For example, $50,000 five-year policy might decrease to $40,000 in benefits payable the second year, to $30,000 the third year, to $20,000 the fourth year, and to $10,000 in the final year. This is an example of:

• A. Decreasing term life insurance policies
• B. First-to-die policies
• C. Level term insurance policies
• D. Modified premium whole life policies