Car insurance companies sell a large number of policies. Explain how this practice minimizes their risk.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 07:55 AM

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Car insurance companies sell a large number of policies. Explain how this practice minimizes their risk.

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Individual automobile accidents are uncorrelated in ...View the full answer

Money Banking and Financial Markets

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