Post Utme Lasu 2019 Commerce Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 20 POST_UTME_LASU • 2019 • COMMERCE • objective

An insurance policy provides financial protection against risks such as death, disability, or property damage. What is the term for the amount of money paid by the policyholder to purchase the policy?

Answer Options

Correct Answer A. Premium
B. Deductible
C. Coverage
D. Policy Limit
Correct Answer
A
Correct Option:
Premium

About This Question

This is Post Utme Lasu 2019 Commerce Question 20. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

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