All of the Following Will Support an Insurable Interest for Purposes

question 22

Multiple Choice

All of the following will support an insurable interest for purposes of purchasing property and liability insurance EXCEPT

• A)close family relationship.
• B)potential legal liability.
• C)secured creditors.
• D)a contract right.

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Definitions:

Aggregate Demand

The holistic demand for goods and services throughout an economy, estimated at a predetermined price level over a particular period.

Active Approach

A proactive strategy in management or policy-making that involves taking deliberate actions to achieve specific goals.

Aggregate Supply

The sum total of products and services that corporations in an economic system plan to offer for sale during a given time frame.

Recessionary Gap

A situation where an economy's real GDP is lower than its potential GDP, leading to unemployment and underutilized resources.