Question

What does interest rate refer to?

a.

The rate at which insurance premiums are charged

b.

The rate earned on investments in the future

c.

The rate used to calculate surrender values

d.

The rate at which policy loans are granted

Answer: (b).The rate earned on investments in the future Explanation:Interest rate is the rate at which investments are expected to earn returns in the future.

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Q. What does interest rate refer to?

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