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Insurance basics (concept)

Economics & Finance · Personal finance — insurance

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About this practice set

Insurance basics (concept) is a Economics & Finance quiz (Personal finance — insurance) with 5 multiple-choice questions. Pick an answer and read the explanation that follows.

What you will be asked

  • Insurance transfers risk from:
  • The premium is the:
  • A deductible is:
  • Insurance works by:
  • Moral hazard means insured people may: