Question 17 (1 point) In a annuity, lifetime income is provided to the annuitant whether he lives six months or 60 years after payments begin. After the annuitant dies, no further payments are made. pure life life annuity with guaranteed payments installment refund annuity O joint and survivor annuity term annuity Question 62 (1 point) Which of the following statements, concerning monetary policy, is/are correct? 1. The Fed controls the supply of money, which enables it to significantly impact short-term interest rates. II. The Fed will follow an easy monetary policy in times of inflation and times when it wants to constrict the supply of money. III. The Federal Reserve discount rate is the overnight lending rate between member banks. IV. The federal funds rate is the borrowing rate from the Federal Reserve. I only O I, II, III, and IV II, III, and IV only I, II, and Ill only III and IV only