Which of the Following Statements About Group Accidental Death and Dismemberment

question 18

Multiple Choice

Which of the following statements about group accidental death and dismemberment (AD&D) insurance is (are) true?
I.The principal sum is paid if the employee dies in an accident.
II.The employer usually pays at least 50 percent of the cost of voluntary AD&D coverage.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Money Supply

The aggregate of cash and banking deposits that constitute the financial assets within an economy at a particular time.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties, commonly accepted in the form of money.

Barter

The exchange of goods and services between parties without the use of money as a medium of exchange.

Bank Credit Cards

Financial instruments issued by banks that allow users to borrow funds from a pre-approved limit to purchase items or withdraw cash.