A Markov assumption is that the probabilities apply to all system participants

All of the following are true of the liability coverage in a Businessowners policy, EXCEPT:

a. Coverage is provided for products and operations liability. b. Coverage is provided for both bodily injury and property damage from business operations and premises. c. Coverage comes with a series of separate aggregate limits. d. Coverage is provided on a "claims-made" basis.

The euro is unlikely to seriously challenge the dollar as a reserve currency as long as

A) the European Union's share of world GDP remains significantly smaller than that of the United States. B) the European Union's share of world exports remains significantly smaller than that of the United States. C) Europe neglects to integrate its financial markets. D) the European Union is unable to function as a cohesive political entity.