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    Principles of Microeconomics Study Set 11
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    Exam 16: Information, Risk, and Insurance
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    Payments Made to an Insurance Company in Return for a Policy
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Payments Made to an Insurance Company in Return for a Policy

Question 35

Question 35

Multiple Choice

Payments made to an insurance company in return for a policy of insurance are called _________________ .


A) risk expenses
B) premiums
C) risk expenditures
D) deductibles

Correct Answer:

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