Spreading of losses incurred by a few persons over the entire group so that in the process the average loss is substituted for the actual loss is called:
(a) indemnification
(b) adverse selection
(c) underwriting
(d) pooling
Ans: (d) pooling
Business
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What will be an ideal response?
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The famous case of Marbury v. Madison (1803) gave federal courts the power to review acts of the other two branches of the federal government to determine the existence of constitutional violations
a. True b. False Indicate whether the statement is true or false
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