Answered: Q: The cash payment by a consumer or…

Q: The cash payment by a consumer or employer to an insurance company is called: A. A premium B. A co-payment C. A loading fee D. A deductible

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter2: The One Lesson Of Business

Section: Chapter Questions

Problem 2.3IP

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Question

Q: The cash payment by a consumer or employer to an insurance company is called:

	A.	A premium
	B.	A co-payment
	C.	A loading fee
	D.	A deductible

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