4
QuizMultiple Choice

Insurance Decisions and Risk Management — Quiz

Question 4 • Personal Finance

What is liability?

Answer
A
legal responsibility for damage
B
insurance cost
C
ownership of property
D
savings account

Explanation

Liability means being legally responsible for something, such as damage or an injury. Therefore, the correct choice is “legal responsibility for damage.”

AI-written and checked against the verified answer.

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