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Currency arbitrage tends to result in identical yen/dollar exchange rates in New York and in Tokyo.
Term-life Insurance
A type of life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.
Premiums
Periodic payments made to an insurance company in exchange for coverage and protection against financial loss or damage.
Co-payment
A fixed amount paid by a health insurance plan member for covered services, with the remainder being covered by the insurance.
Deductible
The amount paid out of pocket by the policyholder before an insurance policy begins to pay.
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