Ch. 14 & 15 Economics Vocabulary

Ch. 14 & 15 Economics Vocabulary

9th - 12th Grade

20 Qs

quiz-placeholder

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Ch. 14 & 15 Economics Vocabulary

Ch. 14 & 15 Economics Vocabulary

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Dodson Manuel

Used 25+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

is a risk that may result in either financial gain or financial loss.

Pure Risk

Speculative Risk

Financial Risk

Psychological Risk

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

a risk with a possibility of loss but no possibility of gain.

Pure Risk

Speculative Risk

Financial Risk

Psychological Risk

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ is the amount the insured pays for insurance coverage.

Insurance Policy

Premium

Claim

Deductible

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ is the amount the insured is responsible for paying when a claim is made.

Insurance Policy

Premium

Claim

Deductible

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ is the process of documenting a loss against an insurance policy.

Insurance Policy

Premium

Claim

Deductible

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is a contract that defines the type of losses that are covered, amount of coverage in dollars, and other conditions to which the two parties agree.

Insurance Policy

Premium

Claim

Deductible

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the state of being responsible for something, especially by law.

Homeowner's Insurance

Property Insurance

Liability

Depreciation

Insurance Settlement

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