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Commerce · Q667

Insurance

Graduate and Post Graduate · Commerce · question 667

Q667

Which of the following is not a tangible good?

A.
Life Insurance
Answer
B.
A television set
C.
Iphone
D.
A farmhouse

Answer: Option A

Solution

Answer: Option A
Solution:
Life Insurance is not a tangible good. Because life insurance is not a tangible asset, it cannot be counted against you for things such as food stamps or other assistance programs.