
Module 4 Review (Personal Finance)
Authored by KEVIN GIDEON
Other
12th Grade
Used 23+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Using the table, imagine Kyeisha has Insurenta insurance for her car. She gets into an accident and the police determine it is her fault. She needs to spend time in the hospital due to injuries from the accident. Her medical bills are $8,000. How much will Insurenta pay towards Kyeisha's medical bills?
$3,500
$8,000
$4,500
$5,000
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of money you are charged for your insurance policy.
the coverage limit
the premium
the co-pay
the deductible
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Imagine you get sick and you need a surgery that will cost $20,000. Your insurance company says you must pay the first $500 and they will pay the rest. The $500 payment you must make is called the...
premium
co-pay
coverage limit
deductible
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to the state of Tennessee, which type of auto insurance coverage you are required to have if you own a vehicle?
Comprehensive
Liability
Collision
Personal Injury Protection
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Use the following scenario to answer the question:
Jackson has an insurance policy with a premium of $150 per month. In June, he’s in an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $4000.
How much total money will Jackson have to pay in the month of June?
2150
1500
1650
4000
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Use the following scenario to answer the question:
Jackson has an insurance policy with a premium of $150 per month. In June, he’s in an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $4000.
Assume Shanae has the same exact accident, but her monthly premium she pays for the insurance policy is $250. Would you expect Shanae’s deductible to be higher, lower, or the same as Jackson’s?
The Same
Higher
Lower
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A ___________________________ is the maximum amount your insurance policy will reimburse you for a covered loss.
Credit Maximum
Coverage Limit
Deductible Limit
Premium Maximum
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