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QuizMultiple Choice

Buying Insurance

Question 1 of 10 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Fred pays $170 monthly or $2,040 per year for car insurance. Fred’s insurance company will pay a maximum of $50,000 for bodily injury per accident and a maximum of $25,000 for property damage if Fred gets into an accident that he has caused.What is Fred’s total policy limit based on the scenario?

Answer
A
$170
B
$2,040
C
$25,000
D
$75,000
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