Personal Finance - Unit 3 Review

Generic products are usually more expensive that brand name products.

• True
• False

Tags

CCSS.RI. 9-10.8

CCSS.RI.11-12.5

CCSS.RI.11-12.8

CCSS.RI.6.8

CCSS.RI.8.8

Comparison shopping helps consumers make informed decisions.

• True
• False

People diversify their investments by investing in several different kinds of investments. 

• True
• False

Some consumers prefer generic products over brand-name products because

• They are less expensive
• Their quality is better
• They are more widely available
• They come with warranties

Tags

CCSS.RI.6.8

CCSS.RI.7.5

CCSS.RI.7.8

CCSS.RI.8.5

CCSS.RI.9-10.5

Amount of money originally borrowed

• Mortgage
• Principal 
• Annual percentage rate (APR)
• Finance company

Tags

CCSS.7.RP.A.3

When Charles receives a check four times a year for income he has earned on his stock investments, he is receiving

• deposits

• cash

• dividents

• credit

A system to make financial loss more affordable by transferring it from individuals to large groups is called :

• Investing
• Insurance
• Trading
• Saving

The money paid to an insurance company to purchase a policy

• Premium

• Policy

• Insurance

• Risk

• Deductible

The chance of loss from an event that cannot be entirely

controlled

• Premium

• Policy

• Insurance

• Risk

• Deductible

The out‐of‐pocket money paid by the policyholder before an

insurance company will cover the remaining costs attributed to the loss

• Premium

• Policy

• Insurance

• Risk

• Deductible