Which of the following is true of an exchange gain?
a. An exchange gain is a gain on the exchange of one currency for another due to appreciation of the home currency.
b. An exchange gain is a gain on the exchange of one currency for another due to appreciation of the foreign currency.
c. An exchange gain results from the simultaneous currency appreciation of two countries engaging in trade activities.
d. An exchange gain results from the simultaneous currency depreciation of two trading countries engaging in trade activities.
a
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Section I of the Homeowners forms provides up to ________ when the insured is assessed by a corporation or property owner's association for damage to property owned collectively, but only if it was damaged by a peril insured against under Coverage A of the policy.
a. $250. b. $1,500. c. $500. d. $1,000.
What is the purpose of the Medical Information Bureau (MIB)?
A) To accept or decline insurance applicants B) To set the premium rates for insurers C) To help underwriters evaluate risk D) To perform physical examinations on applicants