Cooperative Education Semester 2 Exam

If an employer offers you a health insurance policy, you have to take it.

• True
• False

If you have health insurance you do not need disability insurance as well.

• True
• False

Your age can impact your car insurance premium.

• True
• False

Unsecured loans require collateral.

• True
• False

Creating many new credit accounts will improve your credit score.

• True
• False

Having good credit means you are a low-risk borrower.

• True
• False

If you rent your house, you’ll need to get homeowner’s insurance.

• True
• False

You are required to pay back grants.

• True
• False

Once your credit score is calculated, there is nothing you can do to change it.

• True
• False

Unsubsidized loans offer the most benefits of all student loans.

• True
• False