In the ISO Commercial Crime Coverage Form,safe Burglary Is Defined

question 13

Multiple Choice

In the ISO Commercial Crime Coverage form,safe burglary is defined as the

• A)unlawful taking of property to the deprivation of the insured.
• B)unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act witnessed by that person.
• C)unlawful taking of money or securities through the alteration of a negotiable instrument.
• D)unlawful taking of property from within a locked safe or vault by someone who enters the safe or vault as evidenced by marks of forcible entry upon the exterior.

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Definitions:

GDP Deflator

The GDP Deflator is a measure of the price level of all domestically produced goods and services in a country, used to adjust nominal GDP to real GDP.

Nominal Interest Rate

The percentage increase in money you pay the lender for the use of the money you borrowed, not adjusted for inflation.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the real cost of borrowing and the real yield on savings.

Purchasing Power

The value of a currency expressed in terms of the quantity of goods or services that one unit of money can buy, often influenced by inflation.