A Person Who Is Named to Receive the Benefits from an Insurance

question 84

Multiple Choice

A person who is named to receive the benefits from an insurance policy is a(n)

• A) Contract.
• B) Beneficiary.
• C) Policyholder.
• D) Insurer.
• E) Child.

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Definitions:

Circular-flow Model

A financial framework depicting the ongoing flow of cash, commodities, and productive inputs between businesses and the public within an economic system.

Resource Market

The marketplace where resources or inputs such as labor, capital, and raw materials are bought and sold.

Product Market

A marketplace where final goods or services are offered to consumers, businesses, and the government.

Corporate Income Tax

A tax imposed by governments on the income generated by businesses and corporations.