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Commerce · Q667

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 667

Q667

Which of the following is the best description of what insurance is?

A.
Insurance - Paying for other mistake
B.
Insurance - Collective bearing of risk
Answer
C.
Insurance - Paying for something with will never happen
D.
All of the above

Answer: Option B

Solution

Answer: Option B
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