Insurance and Financial Planning Quiz
Authored by Elizabeth Richardson
Mathematics
12th Grade
CCSS covered
Used 14+ times
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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is insurance considered an essential part of a healthy financial plan?
It provides a savings account for future use.
It transfers risk from your bank account to the insurance company.
It increases the value of your assets over time.
It guarantees a high return on investment.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the learning objectives mentioned in the section?
Learn how to invest in the stock market.
Identify ways to lower the cost of insurance premiums.
Understand the history of insurance companies.
Recognize the importance of government regulations on insurance.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does recognizing risk as mentioned in the learning objectives refer to?
The potential increase of assets due to wise investments.
The potential loss of assets or earning potential.
The potential to win a lottery or gambling.
The potential to gain new assets without any cost.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the big moments in high school mentioned in the text related to gaining independence?
Getting your first job
Learning to cook
Getting your driver's license
Going to your first concert
Tags
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
CCSS.RL.11-12.2
CCSS.RL.8.2
CCSS.RL.9-10.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the text, what can burst the bubble of independence when driving?
Forgetting your way home
Accidentally rear-ending someone's car
Running out of gas
Getting lost in a new city
Tags
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
CCSS.RL.11-12.2
CCSS.RL.8.2
CCSS.RL.9-10.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you need to cover the costs of damages to your car if you are involved in an accident, as per the text?
A warranty
A loan
Insurance
A savings account
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.11-12.3
CCSS.RI.8.3
CCSS.RI.9-10.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of an emergency fund in the context of car accidents, as mentioned in the text?
To pay for a new car
To cover minor repairs
To cover initial costs until insurance kicks in
To pay for traffic fines
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