Finance

The recent financial crises was exacerbated by A) managers who undere

The recent financial crises was exacerbated by A) managers who underestimated the real risks of their decisions and borrowed excessively. B) extremely high interest rates in the United States that stifled investment. C) a lack of financial leverage that made U.S. firms less competitive in world markets. D) managers who overestimated risk and hence did […]

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Date: September 19th, 2020

The purpose of the Miscellaneous-Type Vehicle Endorsement to the PAP i

The purpose of the Miscellaneous-Type Vehicle Endorsement to the PAP is to A) add coverage for newly-acquired autos. B) provide coverage for when the insured is using someone else’s auto with the permission of the owner. C) insure motorcycles, mopeds, motor scooters, and similar vehicles. D) provide coverage for when the insured is using someone […]

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Date: September 19th, 2020

Sarah purchased a Personal Auto Policy with liability limits of 50/100

Sarah purchased a Personal Auto Policy with liability limits of 50/100/25. Sarah ran a stop sign and hit a van. The van sustained $15,000 in damages. The following bodily injuries were suffered by passengers in the van: Passenger #1, $15,000; Passenger #2, $60,000; and Passenger #3, $10,000. Sarah sustained $5,000 in medical expenses, and Sarah’s […]

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Date: September 19th, 2020