Assignment 6: Insurance and Consumer Protection (26.0 points) 1. Think of a real or made up but realistic example of a pure risk that you or someone you know may face‚ and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0.5 points) loosing a job b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 1.0 points) you wont have any money because you wont get paid c. Would this risk be likely to create unexpected
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other words‚ the term corruption is not new to Bangladesh. We all know that Bangladesh is one of the most corrupted country in the world. Bangladesh is the five times champions in corruption in the world. It can be said that corruption is in our vains. A general impression conveyed by the media and by popular discussion is that among ordinary people in Bangladesh‚ corruption is viewed quite clearly as ’a way of life’. A recent survey by the Bangladesh Unnayan Parishad shows that 95 percent of respondents
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The history of Bangladesh as a nation state began in 1971‚ when it seceded from Pakistan. Prior to the creation of Pakistan in 1947‚ modern-day Bangladesh was part of ancient‚ classical‚ medieval and colonial India. The area’s early history featured a succession of Indian empires‚ internal squabbling‚ and a tussle between Hinduism and Buddhism for dominance. Islammade its first appearance between the 8th-10th centuries when Muslim missionaries arrived. Later‚ Muslim rulers reinforced the process
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Reliance Insurance Company‚ now officially known as Reliance Insurance Company [in Liquidation]‚ was founded in Philadelphia in 1817. In October 2005‚ Reliance Insurance Company had taken place in India. Reliance Life Insurance Company Limited is an associate company of reliance - Anil Dhirubhai Ambani Group. Reliance Capital Limited is one of India’s leading private sectors. Reliance capital has interests in an asset management and mutual funds‚ stock broking‚ life and general insurance’ proprietary
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risk be likely to create unexpected expenses? Why or why not? I don’t think so ‚ there is no other extra bills you have to pay. d. Describe at least one way you could protect yourself against this risk. One way you could protect yourself is to get insurance. 2. Think of a real or made up but realistic example of a speculative risk that you or someone you know may face‚ and then answer the questions below. a. Describe the specific risk. Invest in something to make money b. What sort of negative
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References: Akhtaruzzaman‚ Md. “Inflation in the Open Economy: An Application of the Error Correction Approach to the Recent Experience in Bangladesh‚” Working Paper Series‚ WP 0602 (2005)‚ Policy Analysis Unit (PAU)‚ Research Department‚ Bangladesh Bank. Bruno‚ M. and W. Easterly. “Inflation Crises and Long-Run Growth‚” World Bank Policy Research Working Paper No. 1517 (1995). Khan‚ M. S. and A. S. Senhadji. “Threshold Effects in the Relationship
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Insurance Insurance is an essential part of running any business. If you are operating a small business you need more than just property insurance. Taking out the right insurance will help protect your business and minimize its exposure to risk. Your insurance requirements will vary according to the type of business you are operating‚ but you should be aware that some forms of insurance are compulsory‚ such as
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Bangladesh is Located in the north-eastern part of South Asia. The majestic Himalayas stand some distance to the north‚ while in the south lays the Bay of Bengal. There is West Bengal border on the west and in the east lie the hilly and forested regions of Tripura‚ Mizoram (India) and Myanmar. These picturesque geographical boundaries frame a low lying plain of about 1‚47‚570 square kilometer criss-crossed by innumerable rivers and streams. Mighty rivers are the Padma (Ganges)‚ the Brahmaputra (Jamuna)
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house of Bangladesh. The Dream A dream that started off in a garage-like shop of only 120 square feet has now evolved to a brand that has 24 outlets of 700-1300 square feet all over the country‚ and is still expanding its wings to take over the international horizon. In the late 90’s Mr. Tanjim Ashraful Haque realized that Bangladesh needed its own fashion brand and ’Ecstasy’ came to being. Ecstasy started with a vison to emerge as the most profitable apparel retailer in Bangladesh by providing
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INTRODUCTION Insurance is a form of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation known as the premium. Insurance allows individuals‚ businesses and other entities to protect themselves against significant potential losses and financial hardship at a reasonably affordable rate. We say "significant" because if the potential loss is small‚ then it doesn’t make sense to pay a premium to protect against the loss. After
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