Multiple Choice
The fee that insurance companies collect in exchange for covering unpredictable costs is called a(n) :
A) premium.
B) ultimatum.
C) prepaid event charge.
D) preventative payment.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q105: Which of the following is closest to
Q106: To compute the present value of a
Q107: What is the foundational principle that allows
Q108: The present value of $500,000 received in
Q109: Risk pooling:<br>A)reallocates the likelihood of catastrophes happening.<br>B)reallocates
Q111: Consider two insurance companies. Insurance Company A
Q112: Insurance companies try to mitigate the problem
Q113: If you knew that an investment was
Q114: In general, people are willing to pay
Q115: Benefits today cannot be directly compared with