Find the Annual Premium in Territory 1

question 70

Multiple Choice

Find the annual premium in territory 1.
-Operator age: 59 Comprehensive/Collision Age Group: 1
Driver's ed: yes
Symbol: 7
Liability: 100/300
Property: $50,000
Uninsured motorist: yes

• A)$674.00
• B)$608.00
• C)$1179.50
• D)$1044.70

---

Definitions:

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank or other governing bodies.

Ten Principles of Economics

A foundational concept in economics that outlines the basic principles guiding economic decisions and behaviors, such as scarcity, cost, and efficiency.

Fed

The Federal Reserve System, the central banking system of the United States, which regulates the U.S. monetary and financial system.

Lender of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are facing financial difficulty or are considered highly risky.