FRIDAY QUIZ CHALLENGE Test your knowledge of this week's terms Question: A separate policy that offers additional protection for the insured by guaranteeing the premium payments will not change over time. Choose the Right Answer: (A) abusive draw  (B) whole life insurance  (C) contractor  (D) life insurance

TERM OF THE DAY depression Lowest point in an economic cycle characterized by (1) reduced purchasing power, (2) mass unemployment, (3) excess of supply over demand, (4) fallingprices, or prices rising slower than usual, (5) falling wages, or wages rising slower than usual, and (6) general lack of confidence in the future. Also called aslump, a depression causes a drop in all economic activity. Major depressions may continue for several years, such as the great depression (1930-40) that had worldwide impact. See also recession. Learn more about this term Usage Example Found at the lowest point of an economic cycle, a depression typically occurs when there is a slump in economic activity.

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