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Inflation rates

In economics, inflation is defined as the general increase in prices of goods and services over a certain period of time. This can occur due to various factors such as an increase in demand, a decrease in supply, or changes in government policies. Inflation affects the purchasing power of consumers and can have a significant impact on the economy. As a knowledgeable finance professor, I encourage you to stay informed about inflation and its implications in our daily lives.

Principle of indemnity

In the realm of insurance, there exists a doctrine that sets a cap on the amount an insured individual can receive - the actual cash value of their insured property. This pr...

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Cash Surrender Value

Life insurance policies provide financial security and protection for loved ones in the event of the policy owner's death. However, it is also important to understand the co...

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Money Back Plan

A policy that includes a provision for the policyholder to receive periodic payments equal to a portion of the total amount guaranteed....

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Express warranty

Contracts often include a warranty, which is a promise that a product or service meets certain standards. This warranty is a legally binding agreement between parties and sp...

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