Inflation Risk Deals with

question 145

Multiple Choice

Inflation risk deals with

• A) A reduction in buying power.
• B) Changes in interest rates.
• C) Bad management and/or unsuccessful products.
• D) Political or social conditions.
• E) Predictable sources of income.

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Definitions:

Tong

An organization or society, often referring to Chinese secret societies or fraternal organizations, some of which were involved in criminal activities.

Privity of Contract

A legal concept indicating that contracts are binding only upon the parties signing the contract, excluding any third parties.

Insurance Contract

A legally binding agreement between an insurer and the insured, outlining the terms for premium payment and the conditions under which the insurer will compensate the insured.

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.