How Does Demand Work?

Plus Economic Determinants and the Demand Curve. The Demand Curve: How It Works Plus Economic Determinants What are the 3 concepts of demand? 1. The law of demand: The higher the price of a good or service, the lower the quantity of that good or service that people are willing to buy. The inverse is … Read more

Defining Lifestyle Fund.

A Defining Lifestyle Fund is a mutual fund that invests in a specific lifestyle or life stage. For example, a fund may be geared towards retirees or those nearing retirement. The fund’s holdings and asset allocation will be designed to achieve the goals of the target lifestyle or life stage. How do you categorize mutual … Read more

Split Limits.

Split limits is a type of insurance coverage that provides different limits of coverage for different types of losses. For example, a split limits policy might have a limit of $100,000 for bodily injury per person, $300,000 for bodily injury per accident, and $50,000 for property damage. What are split limits in insurance? A split … Read more