The Most Liberal Definition of Disability Is "Own Occupation," Which

question 152

Multiple Choice

The most liberal definition of disability is "own occupation," which allows

• A)benefits to be reduced by the amount of income earned elsewhere.
• B)benefits to continue even if you find other work.
• C)that benefits will not be provided if you are able to work in any other job.
• D)benefits to be paid if you are able to work in a job that fits your education and experience.

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Definitions:

Inflation Rate

The percentage change in the price level of goods and services in an economy over a given period of time.

Prime Interest Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.

Equation of Exchange

An economic formula representing the relationship between the supply of money in an economy and the level of prices of goods and services, expressed as M*V = P*T.

Nominal GDP

The gross domestic product measured in current prices, without adjustment for inflation.