Unit 2-Managing Risk-Lesson 2

Money paid out of pocket before insurance covers the remaining costs is known as

• premium

• insurance policy

• deductible/co-pay

• risk

The possibility of financial loss is called this.

• protection

• co-pay

• premium

• Risk

Which of the following is not something that insurance can do?

• Safeguard savings from accidents or theft

• make

  co-payments or deductible for auto rates

• Provide money & housing if house is damaged.

• Protect individuals and families from loss of income

A amount paid for an insurance policy is called this.

• premium

• deductible

• co-pay

• risk

A contract that has coverage details & covers a person's financial loss or damage is called..

• copay/deductible

• premium

• insurance policy

• risk

The price of stock at the end of the prior trading day.

• change percentage

• previous close

• high/low

• volume

The lowest price a stock was at within the last year.

• previous close

• 52 week high

• change %

• 52 week low

The range at which the stock was traded during a day.

• previous close

• high low

• change %

• 52-week high

The total # of shares traded throughout the day.

• 52 week high

• 52 week low

• change %

• Volume

The difference between the previous trade price & price it was before that is known as...

• risk

• volume

• change %

• premium