Following are the correct terms for the descriptions provided.
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
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Explanation</h3>
The correct answers for the explanation given in the question is described above.
An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.
<h3 />
Therefore the answers are following
1. Coverage
2. Risk Management
3. Insurer
4. Premium
5. Liability
6. Policy
7. Actuary
8. Claim
9. Deductible
10. Insurance
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Answer:
- True
- False
- True
- True
Explanation:
When an economy has a strong balance sheet and a declining budget deficit, it means that there is less need to borrow from the market which would keep rates lower.
When the economy is weakening, the Fed will try to stimulate it by engaging in actions that weaken short term interest rates so that people and businesses can borrow at lower cost and invest or buy goods and services.
When investors are worried about the riskiness of other financial assets, they usually come to safer assets like U.S. Treasury bonds so that they do not lose money and this is what happened in the credit crisis of 2008. More demand for the bonds led to a rise in their price.
You can create a budget plan to cut out the risks of any unneeded financial expenses and to know that you should pay for things you need before you pay for unneeded items.
Answer:
A royalty is a fee that the franchisee has to pay the franchiser for trading under its name.
Explanation:
A franchise operation is when one party (franchiser) allows another party (franchisee) access to it’s proprietary knowledge, trademark and processes in order to allow the party to sell a product or provide a service under the business’s name. A common example of a franchise operation are KFC outlets across the globe.
A royalty fee is a fee that the franchisee has to pay the franchiser on a common basis such as quarterly or annually for trading under its name. It is generally calculated as a percentage of gross sales. In this case the royalty fee would be 5% of gross sales.
There are many different types of "good debt" to have. Good debt with on time payments helps increase your credit score tremendously overtime because it shows lenders you can borrow money and pay it back on time. Paying your bills on time and sticking to your budget can contribute to payments paying off good debt. A mortgage is an example of good debt.
