Financial literacy
Quiz
•
Business
•
8th Grade
•
Medium
Erik Taylor
Used 213+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A product that transfers risk from an individual to an insurance company.
Premium
Policy
Deductible
Insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The chance of loss from an event that can not be entirely controlled
Risk
Premium
Policy
Insurance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An insurance contract that states what risks are covered and how much money will be paid for losses.
Risk
Deductible
Policy
Premium
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount paid out of pocket by the policyholder for the initial portion of loss before insurance coverage begins.
Premium
Policy
Deductible
Insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money paid to an insurance company to purchase a policy.
Policy
Premium
Deductible
Risk
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
David mother died in a car accident and took out a _____ insurance policy to financially help her loved ones after she passed away.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Christopher's family has to take him to the doctor for his fever and body aches. What type of insurance would be used in this case?
Long Term
Disability
Life
Health
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