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Unformatted text preview: against food poisoning claims. The insurance company may periodically send an employee into the restaurant to observe food preparation and food storage processes. The insurance company is trying to avoid: Moral hazard. 10*Bank holding companies developed: to get around the limitations on bank branching. 11*A typical automobile insurance policy is an example of: Property and casualty insurance. 12*Over the last twenty years in the U.S , the number of banks has: Steadily decreased. 13*When compared to Canada or Japan, the U.S is unusual in that it has: More banks than either Japan or Canada. Unit 6 ( Financial industry structure ( 14* In the early years of the Great Depression, 1929-1933: More than a third of all U.S. banks failed 15* 2 types : life insurance and property and casualty....
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- Spring '11
- insurance policy, insurance company, Financial Holding Companies, Financial Industry Structure