Your Son,Jason,left His Skateboard at the Bottom of Your Basement

question 35

Multiple Choice

Your son,Jason,left his skateboard at the bottom of your basement stairs.While going downstairs,you stepped on the skateboard and broke your ankle.The resulting medical bill was $2755.How much would your homeowner's insurance pay if you had a $1,000 per-person limit on no-fault medical payments coverage?

• A)$0
• B)$1,000
• C)$1755
• D)$2755

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Definitions:

SEC

Abbreviation for the Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

1933 Act

The Securities Act of 1933, a U.S. legislation that requires detailed disclosure of financial information from issuers of public securities to protect investors.

Permanent Resident

An individual who has been granted the legal right to live indefinitely within a country other than their nationality.

Issuer

An entity that develops, registers, and sells securities to finance its operations, such as corporations or governmental bodies issuing bonds or stocks.