Getting a Client to Switch Insurance Policies Without a Strong

question 11

Multiple Choice

Getting a client to switch insurance policies without a strong reason for doing so is known as:

• A)Slanting.
• B)Twisting.
• C)Compliance.
• D)Falsification.
• E)None of the above.

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Definitions:

World Commodity Prices

The prices of goods such as oil, gold, coffee, etc., that are traded internationally and can fluctuate due to supply and demand dynamics.

Disinflation

A reduction in the rate of inflation; a slowdown in the rate at which prices increase over time.

Sacrifice Ratio

An economic ratio that measures the effect of rising unemployment on the reduction of inflation within an economy.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.