Which of the following statements best describes the 80 percent rule?
A) Your home is covered for 80 percent of its original value, regardless of replacement cost.
B) Your home is covered for replacement cost, provided the total premiums paid are less than 80 percent of the outstanding premiums due.
C) Replacement cost coverage is only effective if your home is insured for at least 80 percent of its replacement cost.
D) Your house cannot be replaced if its replacement cost is less than 80 percent of assessed market value.
E) none of the above
Answer: C
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________ is the ability to identify and understand the words spoken by another person.
A. Written expression B. Hearing sensitivity C. Speech recognition D. Auditory attention E. Oral expression
The Big Mac Index demonstrates the concept of Purchasing Power Parity. If the price of a Big Mac burger in the United States is $4.25 and the current €/$ exchange rate is €0.7506/$1, what is the implied price of a Big Mac in France?
A) $3.19 B) €3.19 C) €5.66 D) €4.25
Jacqueline is attempting to determine the value of her preferred stock. She needs to form a fraction with the annual preferred stock dividend on the top and ________ on the bottom
A) market price B) book value C) closing price D) required rate of return E) historical rate of return
All of the following are true about time series methods EXCEPT
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