Insurance Practice

Insurance Practice

12th Grade

11 Qs

quiz-placeholder

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Insurance Practice

Insurance Practice

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Nikki Fischer

Used 1+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The starting amount of an account or an investment.

Interest

Rate

Security Deposit

Principal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The larger your down payment, the ___________________ your monthly payments

higher

lower

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The higher your credit score, the _____________ your interest rate (APR).

higher

lower

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The shorter your term length, the _____________ your monthly payments, and the _____________ the total interest you will pay.

higher; lower

lower; higher

higher; higher

lower; lower

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you’re borrowing money, is it better to have a HIGHER or LOWER interest rate?

higher

lower

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In general, the __________________ your insurance deductible, the __________________ your insurance premium.

higher; lower

higher; higher

lower; lower

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount required periodically by an insurer to provide you with insurance coverage for an amount of time

premium

deductible

copay

coverage limit

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