Dense Fog That Increases the Chance of an Automobile Accident

question 25

Multiple Choice

Dense fog that increases the chance of an automobile accident is an example of a

• A)speculative risk.
• B)peril.
• C)physical hazard.
• D)moral hazard.

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Definitions:

Discounted

Refers to the reduction of an item's price or the present value calculations of future cash flows using a discount rate.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Promissory Note

A financial instrument involving a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.

Simple Interest

Interest calculated only on the original principal, not on the accumulated interest from previous periods.