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iogann1982 [59]
3 years ago
15

Lance runs a staffing service in which his main job is transporting workers to and from various jobsites. His van can carry up t

o 12 people at a time, and he is worried about getting hit by a driver who does not have enough liability insurance to cover all of his passengers. Which additional coverage could help pay for injuries to his passengers if this were to happen
Business
1 answer:
Agata [3.3K]3 years ago
5 0

Answer: Uninsured And Underinsured Motorist Coverage

Explanation:

Uninsured and Underinsured motorist coverage will help Lance pay for injuries to his passengers should he be hit by a driver that has no car insurance or an insufficient liability insurance.

Strictly speaking, Underinsured Motorist coverage is the right coverage to get as it deals with situations where the offending driver has insufficient liability coverage while uninsured is motorist coverage is when the offending driver has no liability coverage at all.

Uninsured and underinsured are bundled together in a lot of states however so Lance can either get both or just Underinsured coverage if he can.

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Complete Question:

What are the benefits of a long-term bond over a short-term bond?

Answer:

c. While long-term bonds have more risks associated with them, they have the potential to bring in higher returns for the initial investment.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

Bonds are generally debts, which may be floated in different ways with respect to the issuer of the bond and its type. Bonds are used by government and corporate institutions to borrow money with interest and they also have to pay for the face value of the bonds at maturity.

Bonds are classified into two (2) main categories and these are;

I. Long-term bonds: they usually spread over a long period of time and as such locking the money of an investor down while availing them a higher interest rate. Also, they are considered to be more riskier than shorter bonds.

II. Short-term bonds: this type of bond mature quickly and as such paying the investor's principal on time. It covers a period of one to five years maximum in duration.

Hence, the benefits of a long-term bond over a short-term bond is that, while long-term bonds have more risks associated with them, they have the potential to bring in higher returns for the initial investment.

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PPP adjusted GDP in this case in country B will be less than its nominal GDP as price level is higher.

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