Chapter 4

FutureAdjusters
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FutureAdjusters
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Future Adjusters Online Class - Chapter 4

Resource summary

Question 1

Question
What are the two types of economies?
Answer
  • Money and Crafts
  • Modern and Early Modern
  • Money and Non Money
  • Money and Trades

Question 2

Question
What was one way early Merchants would limit their losses?
Answer
  • Limit Areas of Service
  • Redistribute their wares on several ships
  • Not ship goods
  • Get paid before delivery

Question 3

Question
Who established “The Fire Office”?
Answer
  • Thomas Jefferson
  • Ben Franklin
  • Tomas Lloyd
  • Nicholas Barbon

Question 4

Question
The inhabitants of Rhodes invented What?
Answer
  • Created the “General Average”
  • Insurance as we know it
  • The “General Sum”
  • The theory of Subrogation

Question 5

Question
The Franklin Health Assurance Company of Massachusetts was the first to offer what?
Answer
  • Wellness Programs
  • Final Expense insurance
  • Modern HMO’s
  • The first to offer Accident insurance in the USA
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