Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Insurance — Unit testQuestion 14

14

QuizMultiple Choice

Insurance — Unit test

Question 14 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What is the definition of liability?

Answer

A

the amount a consumer must pay after an incident before the insurance company starts paying

B

the monthly amount paid for insurance

C

intentionally destroying something in order to collect insurance

D

a responsibility to pay for or fix a problem

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