Zach Is Applying for Insurance for His New Home

question 47

Multiple Choice

Zach is applying for insurance for his new home. Which of the following is correct?

• A) He should base the amount of insurance on the price he paid for the new home.
• B) He should insure the building under the replacement value method to receive the full cost of repairing or replacing it.
• C) He should use the actual cash value method for settling claims to receive the full cost of repairing or replacing his personal belongings.
• D) His personal belongings should automatically be covered with his home at 125% of his home's insured amount.
• E) His insured amount should remain the same as long as he lives in his house.

Identify the compositions and classifications of joints.

Describe the structure and function of synovial joints.

Recognize the specific types of movements associated with parts of the body.

Distinguish between different types of joints based on their structural classification.

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Definitions:

Small-Company Stocks

Shares of ownership in small-cap companies, often carrying higher risk but potentially offering higher returns compared to shares of larger corporations.

Capital Gains Yield

The change in price of a security over time, expressed as a percentage.

Geometric Average

A method of calculating the average rate of return that considers the compounding effect of returns over time.

Risk-Free Security

An investment that is assumed to be free from any risk of financial loss, typically represented by government bonds.