Examlex
A(n) ________ is an employment position that is obtained mainly to earn money.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicular damage.
Moral Hazard
Moral Hazard refers to situations where one party is more likely to take risks because the negative consequences of their actions are borne by another party.
Adverse Selection
A situation where asymmetric information leads to the selection of undesirable participants in a contract or agreement, often seen in insurance and financial markets.
Bank Deposits
Funds that customers place into banking institutions for safekeeping and to earn interest.
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