If CAB = Current Account Balance, I = Private Sector

question 60

Multiple Choice

If CAB = current account balance, I = private sector investment, S = national saving and NX = net exports, then:

• A)CAB + I = S.
• B)CAB + NX = S.
• C)I = CAB - S.
• D)CAB = I + NX.

Understand the necessity and types of insurance for specific natural disasters.

Recognize the reasons and benefits behind premium discounts in insurance policies.

Understand the relationship between insurance laws and personal financial responsibility requirements.

Understand the concept of liability in both property and personal contexts within insurance policies.

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Definitions:

Equity Credit

The provision of credit or financing based on the borrower's ownership stakes in assets rather than on their creditworthiness alone.

Negotiable Instrument

A written promise to pay a certain sum of money, which can be demanded or paid at an agreed time, specifying the person responsible for payment in the document.

Holder

An individual or entity that legally owns or possesses a document, instrument, or title.

Authenticating Intent

the process of verifying that the actions or signatures of a person are genuine and intended to validate a legal document or agreement.