Consumer Rights, Insurance, and Retail

What is the difference between goods and services?

• Goods are tangible; services are intangible.

• Goods are intangible; services are tangible.

• Goods cost money; services are free.

• Services are free; goods cost money.

Using the internet to buy products and services is known as___.

• Googling

• online shopping

• surfing

• Amazoning

The kind of insurance the state requires to cover bodily injury and property damages to others in an accident you cause is called__________.

• life insurance

• liability auto insurance

• dental insurance

• financial planning

What kind of insurance does a loan company require a person to carry the entire term of a vehicle loan?

• gap insurance

• vision insurance

• full coverage auto insurance

• renters' insurance

Property in the form of land or buildings is called____.

• collateral

• deductible

• real estate

• liquid assets

All of the valuable things an individual owns, such as real estate, art collections, collectibles, antiques, jewelry, investments and life insurance are known as a person's____.

• inheritance

• liquid assets

• solvent assets

• estate

A beloved aunt passed away after living a long, full life. You were contacted by her attorney letting you know that you are inheriting a large portion of her estate. The attorney says you have to be present at the reading of the _____in order to receive your inheritance.

• writ

• will

• article of confederation

• consumer bill of rights

The kind of insurance that provides money to assist with medical expenses from illness, injury, or in some cases preventative care is known as____.

• health insurance

• medical insurance

• dental insurance

• vision insurance

Coverage that provides protection f or your residence and its associated financial risks

• homeowners' insurance

• dental insurance

• renters' insurance

• comprehensive insurance

The amount the consumer pays for a loss before the insurance company pays anything

• collateral

• deductible

• inheritable

• sensible