Match the Term with Its Definition

question 45

Multiple Choice

Match the term with its definition.
-A loss arising from an inability to carry on normal operations due to a direct loss of property

• A)actual cash value (ACV)
• B)commercial general liability (CGL) insurance
• C)direct loss
• D)disability buyout insurance
• E)disability insurance
• F)indirect loss
• G)loss avoidance
• H)loss prevention
• I)loss reduction
• J)replacement value of property

Learn about the natural rate of unemployment and its determinants.

Comprehend the concept of the Phillips curve in the short run and long run.

Understand how fiscal and monetary policies affect inflation and unemployment.

Analyze the impact of consumer confidence and asset prices on inflation and unemployment.

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Definitions:

Mechanic's Lien

A legal claim against a property for unpaid construction work or supplies, giving the claimant a right to secure payment.

Personal Property

Movable assets owned by an individual or entity, as opposed to real property like land or buildings.

Real Property

Legal term describing land and anything permanently attached to it, such as buildings.

Mortgagee

The lender in a mortgage loan agreement, typically a bank or financial institution.