Life Skills Unit 8 Quiz

Whole life insurance has fixed death benefits and fixed premium

• True

• False

Homeowner's insurance covers all your personal possessions for up to 65% of the amount of the insurance on the building.

• True

• False

Group health insurance is more expensive than individual health insurance.

• True

• False

You should have at least liability insurance on your car.

• True

• False

A(n) ________ is a the payee's signature on the back of the check.

• certification

• endorsement

• promissory note

• overdraft

Forms that answer questions such as How much? and How many are called _________.

• financial

• deposit slip

• stock certificate

• descriptive

Forms that answer questions such as Who? What? When? Where? and Why? are called _________.

• financial

• deposit slip

• stock certificates

• descriptive

A record of checks, service charges, and deposits that the bank sends to depositors each month is a ________.

• reconciliation statement

• check register

• bank statement

• deposit slip

A locked container that resists heat is a(n) __________.

• safe-deposit box

• fire proof safe

• a record book

• brokerage firm

A locked container within a bank vault is a(n) _______________.

• safe-deposit box

• fire proof safe

• a record book

• brokerage firm