Which of the following practices of insurers deter moral hazard?
a. Setting a uniform premium structure.
b. Requiring people to purchase the same coverage.
c. Arranging for reinsurance to cut the risk of unexpectedly large claims.
d. Conducting security checks without notice and terminating the policy whenever required.
D
Economics
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A fiduciary monetary system is
A) fully backed by gold. B) dependent on barter for exchanges of goods and services. C) dependent on the public's faith to accept the currency. D) one which cannot have any inflation.
Economics
What function is money serving when you use it when you go shopping?
A medium of exchange A store of value A medium of deferred payment A unit of account
Economics