GFL State Review #13

Front

If you buy a new video game, you cannot pay your cell phone bill. This is an example of.......

Back

realizing opportunity cost

Front

Your house is destroyed by a tornado and you need to rebuild it. What type of insurance would you need?

Back

Homeowners Insurance

Front

Insurance that protects your family against financial loss due to your death is

Back

life insurance

Front

Co-insurance and co-payment refer to the
same thing.

Back

False

Front

You have reached your $5000 out-of-pocket limit. You need to go to the emergency room and it cost $1700. How much will your insurance pay?

Back

$1700

Front

You have reached your deductible of $2000, but you have not reached your maximum out-of-pocket limit of $4000 and your co-insurance begins. Your co-insurance is 20%. How much do you have to pay if you go to the doctor and the visit is $150?

Back

30

Front

If you are driving and a passenger in your car is hurt, which insurance will cover that person?

Back

bodily injury liability

Front

Which is TRUE of health insurance? Options: you can only use only the doctors in your state, you might get a lower standard of care if you don't have insurance, you won't be able to go to a hospital without insurance, selecting in-network doctors instead of out-of-network doctors can save you money

Back

selecting in-network doctors instead of out-of-network doctors can save you money

Front

Which is TRUE about sticker price and net price?

Back

Sticker Price is the published cost of going to a school

Front

Which best describes a bear market?

Back

Stock prices trend downward.