MrXavier Has an HO-2 Contract with $100,000 Dwelling Coverage,$50,000 Personal

question 37

Multiple Choice

Mr.Xavier has an HO-2 contract with $100,000 dwelling coverage,$50,000 personal property coverage,and a $500 deductible. The dwelling is 50% depreciated. Sewage backs up into the basement and destroys the furnace,which will cost $8,000 to replace. The policy will pay:

• A)nothing because of the water damage exclusion
• B)nothing because the property is not covered
• C)$7,500 because of replacement cost coverage
• D)$3,500 because of actual cash value and the deductible

Understand the pricing mechanisms in bond and Treasury markets.

Familiarize with the concept of short selling and futures positions in financial markets.

Grasp the cash flow characteristics and rights of preferred stockholders versus common stockholders.

Identify the components of major international market indexes.

---

Definitions:

Stimulus Generalisation

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus that originally evoked the response.

Stimulus Generalisation

The process by which a conditioned response is triggered by stimuli that are similar but not identical to the original conditioned stimulus.

Fear Response

The instinctual reaction to perceived danger or threat, involving physiological changes like increased heart rate, aimed at preparing the body for fight or flight.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.