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Capital is a factor of production. Which of the following is an example of capital?
i. $1,000 in money
ii. 100 shares of Microsoft stock
iii. $10,000 in bonds issued by General Motors iv. a drill press in your local machine shop
Annual Premium
The amount of money paid per year to keep an insurance policy active.
Low-risk Driver
A driver who is considered less likely to file a claim based on their driving history, age, and other factors, often resulting in lower insurance premiums.
Insurance Premiums
Payments made to an insurance company in exchange for coverage, typically paid on a regular basis such as monthly or annually.
Regular Premium
The amount that is paid on a regular schedule for an insurance policy, to maintain coverage.
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