When Morty leased his new car, he was required by law to _________ to ______________ of financial loss caused by a vehicle collision.
A) pledge collateral; reduce the chance
B) pay extra for a warranty; eliminate the risk
C) purchase insurance; reduce the risk
D) receive a free service contract; eliminate any chance
Correct Answer:
Verified
Q9: _ have incentives to create mechanisms that
Q10: _ is something valuable that a lender
Q11: Regardless of how many services are provided,
Q12: A _ is a promise that the
Q13: _ cannot be eliminated, but it can
Q15: In the insurance industry, homeowners are referred
Q16: Payments made to an insurance company in
Q17: When people have insurance against a certain
Q18: A _ exists when the buyer pays
Q19: The problem of _ arises when an
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