Multiple Choice
The fee that insurance companies collect in exchange for covering unpredictable costs is called a:
A) premium.
B) ultimatum.
C) prepaid event charge.
D) preventative payment.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q105: Risk pooling:<br>A) assures the individuals that they
Q106: Someone is considered to exhibit risk-seeking behavior
Q107: The amount of interest owed on a
Q108: The present value of $500,000 in 4
Q109: Suppose Jack and Kate are at the
Q111: Insurance policies can be bought to cover
Q112: Insurance companies:<br>A) profit from the difference between
Q113: A mechanism for reallocating risk is:<br>A) risk
Q114: The interest rate:<br>A) is expressed as a
Q115: People cope with uncertainty about the future:<br>A)