FutureSmart Mod6

FutureSmart Mod6

7th - 10th Grade

11 Qs

quiz-placeholder

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FutureSmart Mod6

FutureSmart Mod6

Assessment

Quiz

Other

7th - 10th Grade

Hard

Created by

Valerie R. Burton

Used 316+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Even if it costs $150 per month, having health insurance can save money over time.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a person has liability insurance, what would they be covered for?

Repairing damage to other cars if they got into an accident that was their fault

Repairing damage to their own car if they got into an accident that was their fault

Repairing damage to their car that was caused by storms or theft

Repairing damage to their car that was caused by another driver who does not have car insurance.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a premium?

The amount you are personally required to pay before your insurance covers the cost.

A fixed fee you pay for specific medical services, like a visit to the doctor’s office or the Emergency Room.

The most you have to pay for health care in a full year.

The amount you pay the insurance company for coverage.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jason is responsible for paying $500 annually before his insurance covers costs. The $500 Jason must pay is best described as:

Annual out-of-pocket maximum

Copay

Deductible

Premium

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ is small piece of ownership in a company.

Stock

Bond

Mutual fund

Deposit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ are interest-earning loans to a company or government for a set amount of time. They are considered low-risk investments.

Bonds

Mutual funds

Stocks

Deposits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone is retiring next year. What would be an appropriate amount of risk to take with their investments?

Highest risk, highest growth

Medium risk, medium growth

Lower risk, lower growth

None of the above

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