Which of the following statements about the use of deductibles is (are) true?

Insurance

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Which of the following statements about the use of deductibles is (are) true?

I. They represent risk retention by insurance purchasers.

II. They tend to increase the cost of adjusting small claims.

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: A) I only

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