Which One of the Following Factors Is Used to Determine

question 72

Multiple Choice

Which one of the following factors is used to determine a person's driver classification?

• A)Age
• B)Type and age of vehicle
• C)Claims in your geographic area
• D)Insurance company claim processing costs
• E)State insurance premium regulations

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Definitions:

Forward Contract

A customized contractual agreement to buy or sell an asset at a specified price on a future date, used to hedge against price movements.

Fair Value Hedge

A hedge of the exposure to changes in the fair value of an asset or liability, or an unrecognized firm commitment, that is attributable to a particular risk.

Thailand Bahts

The currency of Thailand, used as the standard monetary unit in the country.

Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specified time frame.