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Buying Insurance

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

is a financial service that offers a kind of in the event of unforeseen damage, injury, or loss.

Answer
A
A deductible
B
A premium
C
Insurance

Explanation

Insurance is a financial service that provides financial protection if unforeseen damage, injury, or loss occurs. A deductible is the amount the policyholder may have to pay toward a covered claim, and a premium is the payment made to keep the insurance policy active.

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