Understanding Financial Literacy

Quiz
•
Other
•
10th Grade
•
Easy
ASH JAIVANTH
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is e-commerce?
E-commerce is the buying and selling of goods and services over the internet.
E-commerce is a type of social media platform.
E-commerce is the process of trading stocks in the stock market.
E-commerce refers to physical stores selling products.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name one advantage of e-commerce.
High shipping costs
Limited payment methods
Global reach
Restricted product availability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should consumers beware of when shopping online?
Unlimited returns without conditions
Guaranteed lowest prices
Free shipping on all items
Beware of scams, hidden fees, and security risks.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you protect your personal information in e-commerce?
Only shop on websites with low prices
Use strong passwords, enable two-factor authentication, shop on secure websites, avoid public Wi-Fi, and monitor bank statements.
Use the same password for all accounts
Share your passwords with friends
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does information technology play in the insurance industry?
Information technology increases manual paperwork in the insurance industry.
Information technology has no impact on customer interactions in insurance.
Information technology solely focuses on marketing strategies in the insurance sector.
Information technology streamlines operations, improves customer service, and enhances data analysis in the insurance industry.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of an insurance ombudsman?
To resolve disputes between policyholders and insurance companies.
To regulate insurance premiums set by companies.
To provide financial advice to policyholders.
To sell insurance policies directly to consumers.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can an insurance ombudsman assist consumers?
An insurance ombudsman assists consumers by resolving disputes with insurance companies and ensuring fair treatment.
Providing financial advice to consumers
Selling insurance policies directly
Conducting market research on insurance trends
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