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20) Gina would like to buy a house. She will pay 10 percent of the cost of the house as a down I and borrow
20) Gina would like to buy a house. She will pay 10 percent of the cost of the house as a down I and borrow the other 90 percent from a mortgage lender. The home will serve as collateral loan. The lender requires Gina to purchase property insurance on the home so that the colle supporting the loan will be protected. This scenario illustrates which of the following benef insurance to society? A) source of investment funds B) incentives for loss prevention C) enhancement of credit D) reduction of fear and worrv
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