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Questions For Lessons

The document outlines key concepts in insurance, consumer protection legislation, trade protection, and exchange rates. It covers essential steps in obtaining insurance, the significance of consumer protection, reasons for trade barriers, and the implications of exchange rate fluctuations. Additionally, it addresses the impact of bad debts on businesses and individuals, along with strategies to mitigate them.

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33 views1 page

Questions For Lessons

The document outlines key concepts in insurance, consumer protection legislation, trade protection, and exchange rates. It covers essential steps in obtaining insurance, the significance of consumer protection, reasons for trade barriers, and the implications of exchange rate fluctuations. Additionally, it addresses the impact of bad debts on businesses and individuals, along with strategies to mitigate them.

Uploaded by

sanukamindunu82
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Answer the following questions.

Effecting cover, Renewals and claims in insurance

1. State the key steps in affecting insurance cover.


2. What are the main documents of insurance? Explain each document.
3. What is endorsement, and what is the purpose of it?
4. Explain the meaning of exclusion clauses and give examples.
5. What is life assurance?
6. What are the main roles in insurance and explain each role.

Consumer protection legislation

1. What is meant by consumer protection?


2. What are the reasons for having consumer legislation?
3. What are the actions that can be taken to deal with faulty products and poor-quality
products by buyers and sellers?

Trade protection

1. What is protectionism?
2. What are the reasons for using trade barriers by the government? Explain each.
3. What are the trade barriers the government uses to restrict trade? Explain each trade
barrier.
4. Explain the short-term and long-term impacts of trade barriers.
5. What is retaliation?

Exchange rates and bad debts

1. What are exchange rates?


2. What are foreign exchange markets?
3. State the key traders.
4. Define exchange rate appreciation and depreciation.
5. Explain the impact of exchange rate appreciation and depreciation on international trade.
6. What are bad debts?
7. Explain the impact of bad debts on businesses and on individuals.
8. What are the ways to reduce bad debts?

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