Commerce JAMB

The sum of money paid by a policy-holder to an insurer is referred to as?

A. interest
B. premium
C. gross profit
D. sales revenue

Correct Answer:

Option B – interest

Sunday

Share
Published by
Sunday
Tags: Commerce
4 years ago

Recent Posts

COM 111 Theory Questions: Operating System: Definition and Functions

100 Level Department of Community Health exam questions and detailed answers. Download the answers in document…

2 hours ago

COM 111 Theory Questions: Computer System Components and Their Uses in Community Health

100 Level Department of Community Health exam questions and detailed answers. Download the answers in document…

2 hours ago

COM 111 Theory Questions: Central Processing Unit (CPU) and Computer Devices

100 Level Department of Community Health exam questions and detailed answers. Download the answers in document…

2 hours ago

COM 111 Theory Question: The Vital Role of Software in Computers And Software Classification

100 Level Department of Community Health exam questions and detailed answers. Download the answers in document…

3 hours ago

CHEM 111 Theory Questions: Chemical Nomenclature and Gas Laws

100 Level Department of Community Health exam questions and detailed answers. Download the answers in document…

17 hours ago

CHEM 111 Theory Questions: Gas Law Problem and Classification of Changes

100 Level Department of Community Health exam questions and detailed answers. Download the answers in document…

17 hours ago