If the Price of Insurance Equals the Net Present Value

question 7

Multiple Choice

If the price of insurance equals the net present value (NPV) of the expected payment,it is said to be

• A)actuarially fair.
• B)market-based.
• C)balanced.
• D)equalized.
• E)at equilibrium.

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Definitions:

Car Seats' Comfortability

The degree to which car seats are designed and constructed to provide comfort and ease for passengers.

Open Innovation Platforms

Electronic platforms through which people from different companies and independent contractors work collaboratively with internal R&D staff to innovate.

Research and Development

The research efforts a company undertakes to enhance current products and processes or to facilitate the creation of new products and processes.

Marketable Value

The potential worth of a good or service that can be sold or traded in the market based on demand.