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AssignmentMultiple Choice

Buying Insurance

Question 1 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Which is the amount charged for insurance?policybenefitpremiumdividend

Answer
A
policy
B
benefit
C
premium
D
dividend

Explanation

A premium is the amount a person pays to keep an insurance policy in force. A benefit is what the policy pays out when a covered event occurs, so the correct choice is premium.

AI-written and checked against the verified answer.

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