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You borrow $40,000 at an interest rate of 5% to open Organic Foods, an all-natural food store. You will earn an economic profit if the return on your investment is
Procure Policy
The process of obtaining or arranging an insurance policy.
National Insurance
A system of taxes and payments made by workers and employers to fund state benefits, primarily in the UK.
Broker
A person or firm that acts as an intermediary between a buyer and seller, usually charging a commission.
Multiple Insurance Clause
A provision in insurance policies that outlines how claims will be handled when more than one policy covers the same loss.
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