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Which of the following can create liquidity risk for a life insurer?
I. Unexpectedly high number of policy surrenders
II. Unexpectedly low number of new policies sold
III. Unexpectedly high insurance claims filed by policyholders
Materials
Materials refer to the substances or components used in the manufacturing or production of goods and items.
Rent
A periodic payment made to an owner for the use of their property, typically in the context of real estate.
Fixed Costs
Costs that do not vary with output.
Variable Costs
Costs that change as output levels change.
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