Personal Finance Part 1

What is the portion of an insurance claim you have to pay?

• premium

• co-pay

• deposit

• deductible

The monthly cost of having insurance is

• co-pays

• deductibles

• premiums

• taxes

Which of the following ways of paying for college requires an individual to have an on-campus job while in school?

• HOPE Scholarship

• Federal Subsidized student loan

• Work-study program

• Pell Grant

Someone that is injured and unable to work will most likely receive benefits from

• auto insurance

• disability insurance

• renters insurance

• homeowners (property) insurance

Having a questionable Social Media Footprint through the use of negative social media posts can have which of the following economic impacts on a person's future?

• a negative impact on future job opportunities

• a negative impact on future romantic relationships

• a negative impact on their credit score

• a negative impact on getting insurance

Which of the following is a benefit of insurance?

• it pays all of the sustained losses

• it pays all medical costs

• it allows an individual to share the risk of losses with others

• it allows the insurance company to make a profit on covered losses

Cash and anything of value that you own.

• Assets
• Liabilities
• Average
• Budget

Plan for dividing up your income among saving and spending options.

• HMO
• Premium
• Net Worth
• Budget

Dollar value of all the things you own minus the sum of your debts.

• Net Worth
• Net Pay
• Franchise
• Gross Pay

Money owed.

• Assets
• Liabilities
• Utilities
• Net Worth