The Financial Product Used for Transferring and Reducing Risk by Having

question 90

Multiple Choice

The financial product used for transferring and reducing risk by having a large number of people share in the financial losses suffered by members of the group is called

• A)insurance
• B)a premium.
• C)fortuitous
• D)a peril.

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Definitions:

Ideal Attachment

A strong emotional and psychological bonding between a child and their caregiver that is considered to have positive outcomes on the child's development.

Attachment

The emotional connection that develops between a child and their caregiver, significantly impacting the child's development and future relationships.

Attachment Behaviors

Actions by infants or young children to seek proximity or contact with a caregiver for comfort or security.

John Bowlby

A British psychologist known for his pioneering work in attachment theory, emphasizing the importance of early emotional bonds between children and their caregivers.