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Chapt 9 Personal Finance

Authored by Garrett Lane

Professional Development

9th - 12th Grade

Used 1+ times

Chapt 9 Personal Finance
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25 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following would not be a huge financial risk (and, therefore would not require insurance) if you had a full emergency fund of $500 or more?

Youe lose your cell phone

A medical emergency

Your identity gets stolen

A car accident

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The time between the disabling event and the beginning of payments in your disability coverage is called:

Deductible

Out of pocket

Elimination period

Stop Gap

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Life insurance policy for a specific period of time is called:

Universal

Level

Term

Whole Life

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The purpose of insurance is to:

Develop a savings plan

Transfer financial risk

Provide an investment opportunity

All of the above

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following is NOT a recommended way of lowering your car insurance premiums?

Get good grades and take a driver education class

Drop your auto insurance altogether

Increase your deductable

Shop around

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following types of insurance is NOT recommended for a young single adult?

Auto Insurance

Identity theft protection

Health Insurance

Life Insurance

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following is NOT a recommended way to save on your health insurance premiums?

Increase the deductible

See if a Health Savings Account would make sense for your situation

If you are young and healthy, you do not need health insurance

Increase your stop-loss of your maximum out-of-pocket expenses

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