Examlex
Which of the following is an example of a policy instrument?
Present Value
The current estimation of future financial gains or cash flows, discounted by a particular return rate.
Medical Expenses
Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body.
Accident
An unforeseen and unplanned event or circumstance, often with negative consequences.
Annual Rate of Return
The percentage gain or loss on an investment over a one-year period, including interest, dividends, and capital gains.
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