Adopting the US dollar as "legal tender" in Argentina and in other countries is a specific currency policy that is called "dollarization." This fixed currency policy uses the currency of a foreign country that is believed to be more stable because of previous domestic currency problems such as hyper inflation. The goal is to stabilize the country's economy by substituting another currency for their own currency.
A property insurance policy that is not subject to any coinsurance requirements but has a set amount of insurance scheduled for the property would use Stated amount as loss valuation method.
What is the stated amount in property insurance?
- With stated value insurance, the most that can be paid to the policyholder in the event of a covered loss is the sum that was "stated" by the insured (you) at the time the policy was bought.
- You and your carrier will decide on the maximum amount, or cap, that will be paid when you buy a stated value insurance policy.
- In the event of a total loss, the policy may pay the stated value, the actual cash value, or, if the car is repairable, the repair expenses.
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Answer: DSM; Diagnostic and Statistical Manual
Explanation:
Diagnostic and statistical manual(DSM) is a material mostly used in the United States by health care practitioners as a guide in diagnosing of mental disorders. DSM is like a complete circke as it doesn't just describes but shows symptoms and how to go about the diagnosisling.
