What explains the widespread use of deductibles in insurance policies?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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Question Posted: Nov 09, 2018 12:10 PM

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Describe the role of deductibles in insurance contracts.
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What explains the widespread use of deductibles in insurance policies?

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Deductibles reduce the moral hazard problem because a p...View the full answer

The Economics of Money Banking and Financial Markets

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