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Which of the following is an example of a positive externality?
Insurance Settlement
An insurance settlement is the payment made by an insurance company to a claimant, policyholder, or a designated recipient as compensation for a covered loss or policy event.
Interest Rate
The percentage charged or paid for the use of money on a yearly basis.
Guaranteed
A commitment or assurance, often by a third party, that certain conditions will be fulfilled, including payments or the performance of contractual obligations.
Interest Rate
The rate at which a portion of money is applied as a fee for its loan, commonly expressed per annum.
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