Alain and Bette Are Partners Who Own and Operate Cakes

question 45

Multiple Choice

Alain and Bette are partners who own and operate Cakes n' Pies, a chain of dessert restaurants. Their partnership obtains insurance on Alain and Bette's lives. This is

• A) ​disability insurance.
• B) ​all-risk insurance.
• C) ​key-person insurance.
• D) ​liability insurance.

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Definitions:

Loanable Funds

The market model where the supply of loans available from lenders meets the demand for loans from borrowers.

Medical Needs

The requirements necessary for maintaining or improving health, including medications, treatments, and medical services.

Loanable Funds

The pool of funds available for borrowing, encompassing both savings and credits, which affects interest rates and investment.

Prime Rate

The interest rate that banks offer to their most credit-worthy customers, often used as a benchmark for other loans or credit products.