Which statement best defines the term deductible?
A. It is money a consumer receives after experiencing a loss.
B. It is a payment made before a consumer can make a claim.
C. It is money paid by a consumer to share the cost of a payout.
D. It is a fee paid to an insurance company to purchase coverage.
Answers: 1
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Which statement best defines the term deductible?
A. It is money a consumer receives after experien...
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