History, 30.10.2019 07:31 AnxiousKid
Lloyd’s of london was one of the first institutions to offer insurance to merchants and joint-trade companies. a major part of the insurance system involved people who agreed to take responsibility for the insured losses in return for a fee. what were these risk-takers known as?
a. joint-stock companies
b. investors
c. underwriters
d. merchants
e. capitalists
Answers: 3
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