It is a bad idea because a minimum auto liability insurance policy is meant for compensation against liability and not for saving purpose.
<h3>What is the
liability insurance?</h3>
It is a legal requirement to have an active minimum liability insurance coverage to cover a liability especially injury and damage to third party property
In conclusion, the idea of saving money with the insurance policy is bad because it is meant for compensation against liability and not for saving purpose.
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Answer: ANSWER: Pure
Explanation: Only pure risks are insurable because they involve only the chance of loss. They are pure in the sense that they do not mix both profits and losses. ... Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss.
The answer to fill in the blank would be C) Self-evaluation.
When store owners quote prices in terms of dollars, money is acting as a unit of account.
Money is anything that is generally chosen and accepted by a community as a medium of exchange and standard of value.
Money act as a unit of account because everything in the economy is quoted in terms of it. The price of any products or goods are quoted in terms of money.
Since there are many buyers and sellers in a country, unit of account stands as standard measurement for everyone in an economy; hence the foundation of every transaction in an economy.
Therefore, money is acting as a unit of account when store owners quote prices in terms of dollars.
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