Which of the Following Statements About Coverage Under the Federal

question 15

Multiple Choice

Which of the following statements about coverage under the federal flood insurance program is (are) true?
I.Subsidized coverage is available for contents,but not for dwellings.
II.A $10,000 deductible applies to each loss.

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

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Definitions:

Face Value

The nominal value or dollar value of a security stated by the issuer, also known as the "par value" especially in the context of bonds.

Quoted

The stated price at which a security is offered for sale on a stock exchange or in the financial markets.

Zero-Coupon Bond

A bond that does not pay interest during its life and is sold at a discount from its face value.

Face Value

The nominal value printed on a financial instrument like a bond or stock certificate, indicating its legal worth at issuance.