Ayden Petty and Calvin Jackson economic flashcard

Front

What is risk?

Back

Chance of loss

Front

What begins the insurance process?

Back

An event resulting in loss

Front

What is premium?

Back

Money paid to purchase the policy

Front

Emergency savings and insurance are the two basic protections against risk

Back

True

Front

What provides health insurance for older people?

Back

Medicare

Front

What provides health insurance for people with reduced income?

Back

Medicaid

Front

What type of coverage is required by law?

Back

Automobile liability insurance

Front

What does auto insurance not cover?

Back

gas