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General Financial Literacy - Brinkerhoff - 2000 - 202627
Insurance — Unit test
Question 6
6
Quiz
Multiple Choice
Insurance — Unit test
Question 6 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27
In what way does a deductible help an insurance company?
Answer
A
It adds to the company’s pool of funds.
B
It increases consumers' insurance premiums.
C
It lowers the payout the company has to make.
D
It reduces consumers' co-payments.
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