In order to be insured, a group must be randomly selected to avoid
A) an increase in premium
B) adverse selection
C) the chance of loss
D) catastrophic loss"
Ans: B) adverse selection
Business
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Wilma Rudolph was given a cost of living raise and a merit raise at work this year. Her federal income taxes will be paid at 25% instead of 15%. Wilma has experienced
A) bracket creep. B) the inflation trap. C) a capital gain. D) a higher personal exemption rate. E) an opportunity to change her filing status.
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How much money did Roddy Richards receive when he sold his shares of W.M.D.?
A) $12,014.88 B) $12,398.42 C) $13,663.47 D) $14,184.73
Business