_____ Refers to Losses Caused by Characteristics of the Insured

question 41

Short Answer

_____ refers to losses caused by characteristics of the insured property.

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Definitions:

Create Money

The process by which the central bank or financial institutions increase the money supply in the economy, typically through activities such as lending or purchasing government securities.

Demand Deposits

Bank account balances that can be withdrawn on demand with no prior notice, such as checking accounts, providing liquidity and flexibility for accountholders.

Inflation

The rate of growth in the average cost of goods and services, which lowers the purchasing capacity.

Loses Value

A term referring to the decrease in worth of an asset or currency over time.