Answer:
C, Usual, Customary, and Reasonable.
Explanation:
Usual, customary and reasonable (UCR) fees are fees payed by insuraance policy (health) has to pay for services rendered. The UCR fees are mostly a function of services provided to policy holders and area where the service is rendered.
For a fee to be considered usual, customary and reasonable, it must be a usually charged fee, it must fall within
BREAKING DOWN Usual, Customary and Reasonable Fees
price range charged in the area and it mustbe a for a service considered necessary.
I hope this helps.
Answer:
$1,500,000
Explanation:
in order for the insurance company to pay for all the damages, you should have purchased a policy that covered $4,000,000 in damages. Since the policy only covers $3,000,000, the insurance company will pay:
($3,000,000 / $4,000,000) x $2,000,000 (loss) = 0.75 x $2,000,000 = $1,500,000
Answer:
Herstatt.
Explanation:
The risk that a central bank will not make the necessary transfer of foreign currency to complete a currency settlement is known as herstatt risk.
Herstatt risk is also known as cross-settlement risk or settlement risk. It was named after Bankaus Herstatt (a German bank) that failed in June 1974 when it was supposed to settle a contract for a payment received from the other party and consequently, amounting to a loss of about $602,000,000.
Hence, is mainly a loss in foreign exchange transactions where a party defaults after receiving money from another.
Answer:
Fall; lowers; falls; decrease; lower; increases; fall; away from orange juice and toward tomato juice; falls.
Explanation:
Ketchup is a complement and condiment in hot dogs. An increase in the price of hot dogs will cause its quantity demanded to fall. This will cause the demand for ketchup to decrease as well. The demand curve for ketchup will move to the left. This will cause the equilibrium quantity to fall. This will further cause a reduction in the demand for tomatoes by ketchup producers.
A decrease in demand will cause the equilibrium price of tomatoes to fall. A reduction in the price of tomatoes will lower the cost of producing tomato juice. The firms will be able to supply more at the same cost. This will cause the supply to increase. As the supply curve moves to the right, the equilibrium price of tomato juice will fall.
Orange juice is a substitute for tomato juice. The consumers will prefer the cheaper substitute. As a result, demand will move away from orange juice towards tomato juice. This will cause the demand for orange juice to fall.
