
Insurance Practice

Quiz
•
Mathematics
•
12th Grade
•
Medium
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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