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- Why are people often willing to pay more for insurance than the expected valueof the coverage?16. What do you call for the likelihood of loss due to customers are not paying their amounts owing? a. Discount risk b. Credit risk c. Payment risk d. Loss riskWhy is the optimal interest coverage ratio equal to 1 if taxes are the only imperfection?
- 2. A. Define interest rate risk and reinvestment risk. B. Why do banks and life insurance companies/pension funds have different investment strategies and different tolerances to interest rate risk and reinvestment risk?What statement about the discount rate is NOT correct? It is used in converting between future value and present value. The lower the discount rate, the more the person cares about the future. The higher the discount rate, the more the person cares about the future. The private discount rate is usually smaller than the social discount rate.The _______________ problem is when customers who are most likely to have a claim against an insurance company are those quickest to apply for an insurance contract. Group of answer choices a. Capital adequacy b. Default risk c. Adverse selection d. Mismatched maturity
- A life insurance policy is a financial asset, with the premiums paid representing the investment’scost.a. How would you calculate the expected return on a 1-year life insurance policy?b. Suppose the owner of a life insurance policy has no other financial assets—the person’sonly other asset is “human capital,” or earnings capacity. What is the correlation coefficientbetween the return on the insurance policy and the return on the human capital?c. Life insurance companies must pay administrative costs and sales representatives’commissions; hence, the expected rate of return on insurance premiums is generallylow or even negative. Use portfolio concepts to explain why people buy life insurancein spite of low expected returns.What is meant by the real risk-free rate of interest? Seleccione una: a. The nominal risk-free interest rate, less the expected inflation. b. The rate actually used in the market, not in textbooks. c. The rate quoted on short-term Treasury bills. d. The opportunity cost of foregoing consumption, representing the rate that must be offered to individuals to persuade them to save rather than consume.explain what The decline of insurance as a risk-financing technique is and give examples
- Indicate whether the statement is true or false, and justify your answer.In the model of insurance and uncertainty discussed in the chapter, an individual exhibits declining marginal utility of income if and only if she is risk-averse.The purpose of the inflation premium is to maintain the purchasing power of money while it is loaned to someone else. TTrueFFalse What kind of problem bad credit risks people pose to financial intermediaries ? AMoral hazard BNone of the above CAdverse Selection DFree-ridingq19 Which of the following statement is true for compensation of risk? a. Higher the risk, zero is the return b. Higher the risk, lower is the return c. Lower the risk, higher is the return d. Higher the risk, higher is the return q20 Which of the following is used generally for raising cash for settling the creditors? a. Short Term Loan b. All the options are wrong c. Line of Credit d. Long -Term Loan
