CHS Financial Math - Topic 1 (Part 2) Practice Test

What is 20% of 65?

• 13
• 15
• 16
• 13.75

What is the equivalent percent to 0.08?

• 0.08%

• 8%

• 80%

• 800%

What is the equivalent decimal to 75%?

• 0.75

• 0.075

• 7.5

• 75.0

To find the average of a set of numbers, add up all the items and divide by...

• 2
• The minimum
• The maximum
• The number of items

Find the average of the numbers below:

4, 9, 7, 10, 5

• $12.75
• $35
• $45
• $27.75

The amount you pay for insurance coverage.

• Premium

• Deductible

• Co-Pay

• Policy

The amount of money you must pay upfront/out of pocket before your insurance coverage begins to pay.

• Premium

• Deductible

• Co-Pay

• Policy

Deductibles need to be met before Coinsurance begins. True or False?

• True

• False

Why was the Social Security Act established?

• to provide jobs for the unemployed

• to provide old-age pensions for retired workers

• to provide money to build bridges and roads

• to provide free health care for retired workers