The Greater Your Financial Assets,the Less Automobile Insurance Coverage You

question 78

True/False

The greater your financial assets,the less automobile insurance coverage you should carry because you can afford the financial loss.

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Definitions:

Goods And Services

Physical items that satisfy human wants (goods) and intangible benefits provided to consumers (services).

Barter

The direct exchange of goods and services without the use of money as a medium.

Rates Of Exchange

The value of one currency for the purpose of conversion to another.

Barter System

An exchange system in which goods or services are directly exchanged for other goods or services without the use of money.