If the deductible is $300 and the co-payment is 20%, on a covered expense of $800 the individual will pay ________, and their insurance company will pay ________.
A. $500; $300
B. $300; $400
C. $300; $500
D. $400; $400
Answer: D
Economics
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Consumers of most goods usually experience diminished satisfaction in each additional unit consumed. However, when variety appears endless, this may not be the case. Consider manufactured goods between 1890 and 1910
Indicate whether the statement is true or false
Economics
The following table is the consolidated balance sheet for the commercial banking system. All figures are in billions. Assume that the required reserve ratio is 10 percent:
Refer to the above information. The maximum amount by which this commercial banking system can expand the supply of money by lending is:
A. $120,000 billion
B. $300,000 billion
C. $600,000 billion
D. $900,000 billion
Economics