WorksheetsNew Personal Finance Final
Total questions: 150
Worksheet time: 5hrs 0mins
Which of the following is NOT a common feature of a financial institution?
Access to ATMs
Investment trading
Direct deposit
Debit cards
Which of the following statements about check cashing companies is TRUE?
They have limited operating hours during the day.
They sometimes offer free services.
They charge high fees.
They delay when you can access your cash.
Which of the following financial institutions typically have the highest fees?
Check cashing and payday loan companies
Credit unions
Brick-and-mortar banks
Internet banks
Savings accounts typically offer more interest than what type of account?
Retirement account
Money market account
Checking account
Certificate of deposit
A savings account that compounds interest daily will earn a higher return than a savings account that pays
simple interest daily.
TRUE
FALSE
Which savings account will earn you the least money?
One that compounds interest daily.
One that earns simple interest monthly.
One that earns simple interest daily.
One that compounds interest monthly.
Which savings account will earn you the most money?
One that compounds interest daily.
One that compounds interest monthly.
One that earns simple interest daily.
One that earns simple interest monthly.
What should you do before you withdraw money from the ATM?
Ask someone nearby for help using the ATM.
Find a hidden ATM so no one will see you withdraw money.
Inspect the ATM to make sure it wasn't tampered with.
Share your pin number with trusted friends so you don't forget it.
Which of the following statements about savings accounts is FALSE?
Savings accounts pay interest on the money you deposit.
Savings accounts allow an unlimited amount of withdrawals each month.
Savings accounts may require you to maintain a minimum balance to avoid paying a fee.
Savings accounts are best used to store money for longer-term goals.
If there is a mistake with one of your bank accounts, who should you contact to resolve the issue?
The CFPB
No one, you can't resolve the issue
The local police station
Your financial institution
Your financial institution can't help you if there is a mistake on your bank account statement.
True
False
Investing is best for ________.
short-term financial goals, like building an emergency fund.
earning a little interest while keeping your money safe.
long-term financial goals, like paying for retirement.
guaranteed fast growth on your money.
A _______ is a share of ownership in a company.
bond
stock
mutual fund
money market account
A mutual fund is _________.
A type of debt investment that acts like a loan.
A share of ownership in a company.
A type of investment that invests in a mix of different types of investments.
A type of savings account that pays interest based on current interest rates in the money market.
Generally, the more education you receive, the higher your lifetime earnings will be.
True
False
For most careers, which degree will most likely result in the highest lifetime earnings?
High school degree
Associate's degree
Licensure or certification
Bachelor's Degree
What is net pay?
The amount of pay earned for the total number of hours worked.
The amount of money you're paid after all taxes and deductions are taken out of your paycheck.
The amount of money you're paid before all taxes and deductions are taken out of your paycheck
Your gross pay plus any bonuses.
Net pay is NOT ________.
The money that you take home on your paycheck.
Your gross pay plus any bonuses.
less than gross pay.
The amount of money you're paid after all taxes and deductions are taken out of your paycheck.
Which of the following is NOT a possible tax or deduction that could show up on your paycheck?
State income tax
Contributions to retirement savings
FICA
Sales tax
Which of the following is NOT a possible tax or deduction that could come out of your paycheck?
FICA
Overtime pay
Federal income tax
Contributions to retirement savings
The W-4 tax form is used to ___________.
tell your employer how much federal income tax to withhold from your paychecks to send to the IRS.
determine how much your gross pay should be.
file your tax return.
avoid paying income taxes on your paychecks.
Your employer sends you a _______ form that tells you how much you've made and how much you've paid in
taxes in the last year.
1040
W-2
W-4
W-9
How does the government pay for roads, schools, and emergency services?
They are funded through non-profits.
They are funded through taxes.
They are funded through charitable donations.
None of the above
The ___________ is a flexible market that allows you to work short-term, independent jobs.
gig economy
labor market
employee workforce
sharing economy
What do you need in order to fill out your 1040?
Your W-2
Your employer benefits documentation
Your credit card statement
Your job offer
When considering a job offer, you should consider how much you're being paid and any other employee
benefits before you accept the offer.
TRUE
FALSE
Which of the following is NOT considered part of your benefits package available from your employer?
Free technology equipment
Disability Insurance
Paid time off
Healthcare insurance
Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all
types of _________ available from your employer.
benefits
pensions
deductions
allowances
Which of the following is a benefit of using a budget?
Helps to keep track of the money you receive
Helps to prioritize your spending
Helps reach short- and long-term financial goals
All of the above
Why is using a budget beneficial?
Helps to keep track of the money you receive
Helps to prioritize your spending
Helps reach short- and long-term financial goals
All of the above
What should be considered when setting a budget?
Needs and wants
Time management goals
Savings
Needs, wants, and savings
___________ are good places to look to find your current expenses when building your budget.
Banks and credit unions
Grocery stores and concerts
Bank and credit statements
Online research websites
Where should you look to find your current expenses when building your budget?
ask your parents
your wallet
bank and credit statements
your bank representative
Bank statements, credit statements, and records of cash expenses help you to estimate your ________.
credit score
expenses
available investments
emergency fund needs
In addition to needs, what should you plan for first when creating a budget?
In addition to needs, what should you plan for first when creating a budget?
Shopping money
Investments
Recurring expenses
In your budgeting process, when should you look at recurring expenses?
Before reviewing your wants
After considering entertainment expenses
Before looking at your needs
After your wants but before you needs
Which of the following is a way to track your spending?
Spreadsheet budget
Envelope method
An app
All of the above
The envelope method, notebook and pencil, and online software are all methods of ______.
planning for your future
understanding your current expenses
estimating your unexpected expenses
tracking your spending
Which of the following is NOT a good way to track your spending?
In your head
Notebook and pencil
Envelope method
Online software or app
Which choice or choices best describes the purpose of an emergency fund?
An emergency fund prepares you for unexpected expenses.
An emergency fund keeps you from borrowing money from friends and family.
An emergency fund removes the worry about expenses not in the budget.
All of the above are good reasons to have an emergency fund.
Which of the following is NOT true about emergency funds?
They are used for anything listed on the budget.
They can keep you from borrowing money from friends and family.
They help you prepare for unexpected expenses.
They help remove the worry about expenses not in the budget.
This helps you prepare for unexpected expenses.
Credit cards
Checking account
Emergency fund
None of the above
When setting a budget, you should consider...
financial goals, current expenses, and income.
mostly income.
creative ways to spend your money.
mostly your goals.
Unexpected expenses...
can make it hard to stick to your budget.
may cause you to be unable to pay necessary bills.
should be planned for.
all of the above
What is NOT true about unexpected expenses?
They do not occur if you have a budget.
They could impact your budget in a negative way.
They could interfere with your ability to pay your bills.
They should be planned for so that you can keep within your budget.
Which of the following expenses would be a good reason to spend money from an emergency fund?
Repair your laptop that you use for homework.
Upgrade your phone to the latest model.
Buy new track shoes because they’re in style.
Purchase concert tickets to see your favorite artist.
An emergency fund should NOT be used for...
fixing a blown tire on your car that you use to get to work.
repairing your laptop that you use for homework.
a last-minute school trip.
a sudden health issue that needs care.
An unanticipated expense that will make it difficult to get by day-to-day would be a candidate for...
spending money from your “rent” envelope.
emergency fund spending.
tracking all of the money you spent in a month.
getting an extra job so you can have money to cover that expense.
What is NOT a good way to prevent unnecessary spending?
Cancel any unused recurring expenses like subscription boxes
Use and app to find the cheapest gas station
Make your own food more often
Buy all of your wants at one time.
How can you ensure you don't go over your budget?
Round up your expense estimates to add a buffer
Round up your expense estimates to add a buffer
Find a friend that enjoys going shopping
Buy all of your wants at one time.
What budgeting tip(s) would help you to stay on track financially?
Find a friend with similar goals and hold each other accountable
Put aside fun money in your budget so you're not missing out
Only use your closest gas station to fill up gas
All of the above
When you are deciding what to buy, you should not...
compare the unit price of similar items
read reviews from unbiased sources
assume that buying the cheapest item is the smartest choice
wait for sales to get the best price
Making a good purchasing decision requires __________.
comparing the prices of similar items
reading reviews of the product
waiting until the product is on sale, if possible
All of the above
When you are deciding what to buy, you should...
pick the cheapest item to get the best deal.
pick the most expensive item to get the best quality.
trust influencers to pick the best items for you.
compare the unit price of items similar to the one you want.
How is an advertisement different from a comment from a regular consumer?
It isn’t any different
The advertisement is likely one-sided
The advertisement may have been posted by the seller
The advertisement is made by an influencer who gets paid
How is a post from a social media influencer different than a comment from a regular consumer?
It isn’t any different
The post by the influencer is likely one-sided
The post by the influencer may have been posted by the seller.
The influencer is paid to post the product
What is one of the best ways to get reliable information about a product?
Follow a social media influencer
Look for the advertisements
Search online reviews
Ask someone who has never used it
Which of the following is NOT an advantage of owning a car?
Smaller down and monthly payments than leasing a car
Drive unlimited number of miles
Flexibility to be able to customize it
Yours to keep and sell when you wish
What is the best reason for why someone would want to lease a house instead of buy one?
They want full responsibility of all repairs
They want to be able to hopefully make money when they sell the place
They are planning on living there for a short period of time
They want to avoid rent increases and dealing with a landlord
A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?
The price of each pencil, or the unit price, is actually cheaper in the 12 pack.
The price of each pencil, or the unit price, is actually cheaper in the 24 pack.
The 24 pack comes with a carrying case.
This statement is false. Buying fewer pencils will always be a better deal.
The price of a single item within a group of items is known as the ______________ of the item.
group price
item price
unit price
total price
Why is figuring out the unit price of something useful when shopping?
It helps you check to see if the price is correct.
It helps you locate items in the store.
It helps you determine the best deal.
It determines if a coupon is still usable.
Which payment option is not accepted online?
Cash
Check
Debit Card
Credit Card
Which payment option takes money out of your bank immediately?
Cash
Check
Debit Card
Credit Card
When making a large purchase, you should avoid everything EXCEPT _______________________
excessive fees.
being forced to buy additional warranties
add-ons that seem too good to be true.
a price that fits comfortably in your budget.
What are possible red flags or signs of a scam when buying a car?
Being told your financing fell through
Lengthy negotiations
Charging of excessive fees
Both A and C
Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?
Being forced into warranties
A price that fits comfortably in your budget
Excessive fees
Add-ons that seem too good to be true
Which of the following is NOT a useful strategy when making an informed purchase?
Calculate the unit price of the product.
Purchase a product based on a social media influencer.
Read the online reviews of the product and ask trusted friends who use it.
Compare your option to similar products.
What is one of the best ways to get reliable information about a product?
Follow a social media influencer
Look for the advertisements
Search online reviews
Ask someone who has never used it
Which example shows an advantage of owning a car over leasing one?
Smaller monthly payments and good warranty to cover repairs.
Expiring warranty means that you will get to handle repair payments.
No restrictions on the number of miles to drive and the ability to customize, or make changes to the
car.
You will drive a fairly new car for a limited period of time.
Which of the following is NOT an advantage of owning a car?
Smaller down and monthly payments than leasing a car.
Drive unlimited number of miles
Flexibility to be able to customize it
Yours to keep and sell when you wish
What is the best reason for why someone would want to lease a house instead of buy one?
They want full responsibility of all repairs.
They want to be able to hopefully make money when they sell the place.
They are planning on living there for a short period of time.
They want to avoid rent increases and dealing with a landlord.
Which fact supports the idea that renting is a good option for living in a place for a short period of time?
Renting requires a large down payment.
Leases are generally for a month or a year.
Landlords take care of most maintenance.
Mortgages are usually for 15 or 30 years.
Which housing option gives you more freedom and more responsibility?
Leasing a house.
Borrowing a house.
Buying a house.
Housesitting
Leasing a car may be a better option than buying a car if...
you travel great distances regularly.
you have enough money for a large down payment.
you don't plan on having it for long and don't want to worry about regular maintenance.
you want the extended warranty and maintenance because you plan on having the car for a while.
Which payment option can offer additional security like fraud protection?
Cash
Check
Debit Card
Credit Card
Which method of payment actually is a form of borrowing money that needs to be paid back later?
Cash
Credit Card
Debit Card
Check
Which forms of payment is linked to a bank account which limits the amount of money you can spend to
balance in your account?
Cash & credit cards
Checks & debit cards
Debit card & credit cards
Credit cards & checks
Using a loan could help with the purchase of which of the following?
A new television
A dream wedding
A house
Airline tickets to your dream vacation
When are loans a good option to use?
To pay for airline tickets to your dream vacation
When paying for higher education
To buy that new television
For a dream wedding
What should you NOT use a loan to purchase?
A house
Tuition for higher education
Airline tickets to your dream vacation
A car
Which item is important to consider when selecting a credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
Both APR and fees
Which of these items is NOT important to consider when selecting a credit card?
Annual Percentage Rate (APR)
The look of the credit card
Credit limit
Penalties and Fees
Annual Percentage Rate (APR), credit limit, and penalties and fees are important to consider when _____.
Choosing a financial advisor
Choosing a credit card
Looking at your credit score
Selecting a financial institution
What is NOT a benefit of having a good credit score?
When you need a loan, you'll have more loan offers to pick from.
You'll get better interest rates on your loans.
It will be easier to get an apartment.
You'll get accepted to better education institutions.
What is a benefit of having a good credit score?
Loan sharks will be less likely to bother you.
You'll get accepted to better education institutions.
You'll get more job offers.
When you need a loan, you'll have more loan offers to pick from.
Having a great credit score will make it easier for you to get into a better educational institution.
TRUE
FALSE
Secured loans are less costly than unsecured loans because _________.
They usually have a lower interest rate.
They require collateral.
They are less risky for the financial institution.
All of these are true
The cost of a secured loan is typically lower than the cost of an unsecured loan because _______.
it requires collateral.
the loan takes longer to get.
it has high interest rates.
your parents will make sure you pay it back.
Which of the following is NOT a feature that makes a secured loan less costly than an unsecured loan?
A high interest rate
Collateral
Less risk for the financial institution
All of these are correct
To maintain a good credit score you must ______.
manage your debt wisely
check your credit score every week.
have credit monitoring.
have many open credit cards.
What will happen to your credit score if you do not manage your debt wisely?
You won't be able to track your credit score
Your credit score will go up
Your credit score will go down
It will not affect your credit score
Not managing your debt wisely can result in ________.
An increase in your credit score
A decrease in your credit score
Inaccessible credit score
No change in your credit score
Recommended methods to protect yourself from identity theft and fraud include_______.
Placing a credit freeze with the credit bureaus.
Monitoring your credit report every 2-3 years.
Allowing inaccurate information to be removed from your report after 7 years.
Utilizing a specialty locking or monitoring service.
Which of the following will help you protect yourself from identity theft and fraud?
Regularly monitor your credit report.
Contact lenders and credit bureaus to address incorrect information.
Freeze your credit.
All of the above.
Which of the following is NOT a recommended method to protect you from identity theft?
Expensive specialty locking or monitoring service.
Place a credit freeze with the credit bureaus.
Regularly monitoring your credit report.
Contacting lenders and credit bureaus to report inaccurate information.
Paying only the minimum balance on your credit card can lead to...
an increase in your credit score
paying more interest.
late fees
All of the above
All of the following are benefits to paying the full balance on your credit card each month EXCEPT:
Your credit score can decrease.
You won't have to pay interest.
You won't have to pay any late fees.
Your credit score can increase.
Benefits to paying the full balance of your credit card each month include:
Paying more in interest
Decreasing your credit score
Not having late fees
Increasing your credit score
When looking for pre-approval on a car loan you should...
get a loan from the car dealer directly to keep things simple.
get a loan from the car dealer directly to keep things simple.
select the loan that has the longest repayment period.
compare pre-approval offers and select the one that is best for you.
When looking for pre-approval on a car loan you should NOT...
get a loan from the car dealer directly to keep things simple.
look for the lowest interest rates you can find.
select the loan that has right repayment period for you.
compare pre-approval offers and select the one that is best for you.
Going directly to a car dealer for a loan to keep things simple is a...
great idea because they want you to get the car so it'll be the best offer.
not great because they typically offer higher interest rates.
great idea because you don't have to deal with another lender.
not great because car dealers don't offer loans.
What option will NOT be available if you are behind on loan payments?
A financial institution may offer for you to pay a little now and pay the rest after your next pay day.
You can borrow money from friends and family.
You can ask to get out of your loan.
Your financial institution might allow you to defer the loan but you'll have to pay the interest.
What could be a good option available to you if you are behind on loan payments?
A financial institution may offer for you to pay a little now and pay the rest after your next pay day.
You can ignore your payments until the financial institution asks about them.
You can take out a payday loan.
Ask your financial institution to get out of the loan contract.
What option will NOT be available if you are behind on loan payments?
A financial institution may offer for you to pay a little now and pay the rest after your next pay day.
You can borrow money from friends and family.
You can ask to get out of your loan.
Your financial institution might allow you to defer the loan but you'll have to pay the interest.
Which is a positive reason for using a credit card to finance purchases?
You will get charged high interest.
Paying it off on time can help build your credit history
You won't have to budget for your credit card expenses.
You'll be able to spend a lot of money without paying it back
Which is NOT a positive reason for using a credit card to finance purchases?
Paying it off on time can help build your credit history
You can get rewards and discounts.
You can buy something you need now and pay for it after pay day.
You will get charged high interest.
Credit cards can help _____________ when paid off on time regularly.
build credit history
act as a form of identification
lower your debt
balance your checking account
Making the choice to spend money on post secondary education pays off in the long run because:
You can get grants and scholarships to pay for post secondary education while you are there
You or your parents can write it off your taxes.
The salary you will earn with a degree will pay back the cost of college over your career
There are less expensive options for obtaining a post secondary education
Dimitri’s counselor told him that post secondary education can be expensive but can pay off in the long run,
what does that mean?
The salary you will earn with a degree will pay back the cost of college over your career.
You can get grants and scholarships to pay for post secondary education while you are there
There are less expensive options for obtaining a post secondary education.
All of the above
It does not make sense to avoid post secondary education because of its cost since in the long run:
You or your parents can write it off your taxes.
The salary you will earn with a degree will pay back the cost of college over your career.
You can get grants and scholarships to pay for post secondary education while you are there
There are less expensive options for obtaining a post secondary education.
What are the benefits of attending a local community college?
It is cheaper to earn an Associate’s degree at a community college and then transfer to a four-year
college to finish
You can live at home and save dorm fees while earning an Associate’s degree.
Choosing a local community college within closer driving range saves on transportation costs
All of the above.
Cutting down on costs by earning an Associate’s degree first and then transferring to a four-year college or
university can be done by going to what type of higher education institution?
A local community college.
A trade school.
A specialized training program
Both b and c are correct.
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. What is his
best option for affording a Bachelor's Degree?
He can enroll in a trade school and transfer his courses later.
He can attend a specialized training program and transfer a couple of his courses
He can attend the local community college whose courses transfer to the public four-year college.
None of these are correct.
Which is NOT considered an additional cost beyond tuition for higher education?
Textbooks and supplies
Academic counseling
Room and board
Transportation
Textbooks, transportation and room and board are all...
included in the price of attending a college or university
additional costs for attending a college or university.
included in a school's tuition.
usually offered to students who stay on campus.
Which is a tax-free savings account that can only used for educational expenses?
Federal grants
Merit-based scholarships
Merit-based scholarships
A 529 plan
Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)?
You can fill the form out online or on paper
The earliest you can submit your FAFSA is January 1st of each year
Each state may have a different deadline for state financial aid.
You can fill out the FAFSA if you are an independent or a dependent.
Which of the following is true about the Free Application for Federal Student Aid (FAFSA)?
The earliest you can submit your FAFSA is October 1st of each year
The form is available online or on paper.
States may have different deadlines for applying for state aid
All of the above
All of the following are true about the Free Application for Federal Student Aid (FAFSA) EXCEPT
The form is only available online.
The earliest you can submit your FAFSA is October 1st of each year.
You can fill out the FAFSA if you are independent or dependent.
States have different deadlines for applying for state aid
Earning a degree can be expensive but which example shows why it might be worth it?
You are more likely to earn more money over your lifetime than if you did not have a degree.
A degree allows you to earn a salary instead of an hourly wage.
You can get a job that pays back the costs of a degree
A high school diploma allows you earn money instead of going into debt.
What can affect whether a public or private university is affordable?
The amount of financial aid that they offer.
Whether you live in the state of the private university.
Whether you are from "out of state" for the private university.
The interest rates that the universities charge for their loans.
What has the biggest impact on whether a 4 year university is affordable?
Whether it is a public or private university
The amount of financial aid that the university offers
Whether you live in the same state as the university
The distance you live from the university.
Living at home could save you money while enrolled in post secondary school or training because
it reduces costs of tuition
it reduces costs of room and board
it reduces costs of transportation
it reduces costs of books and supplies.
Living at home while enrolled in post secondary school or training can save money on....
books but it raises costs for tuition.
transportation but it raise costs for books and supplies.
books but it raises costs for transportation.
room and board but it raises costs for transportation.
Living on campus while earning your degree can help you save money on...
transportation.
room and board.
books and supplies.
tuition.
What type of federal funding is free money, but is based on financial need only?
Federal grants
All federal scholarships
The 529 Plan
None of these are correct
Federally-funded grants require the student to...
earn above average grades
have a membership in a high school club
perform volunteer work for a local community agency.
have financial need only.
Maria is a high school senior. She wants to go to the local community college and become a nurse. Her grades
are average, but she comes from a low-income family. What could she do to in order to afford the next step
in her dream to become a nurse?
Maria has to wait until she saves up enough money to pay for tuition.
Maria could apply for federal grants to help pay for college.
Maria can apply for need-based scholarships.
Both b and c are correct.
Everyone interested in post secondary education should complete the Free Application for Federal Student
Aid (FAFSA) because...
it gives you access to private student loans
it gives you access to private student loans.
it allows you to be eligible for federal student aid and other scholarships and grants
it is a requirement for college admission
Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA
It allows you to be eligible for early admission.
It allows you to be eligible for federal student aid.
It allows you to be eligible for some grants.
It allows you to be eligible for many scholarships.
All of the following are true about why it is important to complete the Free Application for Federal Student
Aid (FAFSA) process EXCEPT:
It allows you to be eligible for federal student aid.
It allows you to be eligible for early admission.
It allows you to be eligible for some grants.
It allows you to be eligible for many scholarships.
Wearing a seat belt, not texting when driving, and driving carefully are all examples of...
insurance policies.
warranties.
risk management strategies.
deductibles.
Which is not an example of a risk management strategy?
Wearing reflective clothing while biking at night
Buying a new car
Wearing a helmet while biking
Wearing a seat belt while driving
What should you NOT use a loan to purchase?
A house
Tuition for higher education
Airline tickets to your dream vacation
A car
Buying a home security system is an example of protecting your home against________.
deductibles
risk
warranties
insurance
Something people buy to protect themselves from losing a lot of money in the event something happens to
them or their property is known as...
risk management.
liability.
warranty.
Insurance.
What do people purchase as a form of risk management to protect themselves from losing a lot of money in
the event something happens to them or their property?
Insurance.
Deductibles
Warranty.
Liability
Why should you purchase insurance?
To prevent financial burden in the case of an accident, theft, or another event
To get a warranty on a household item
To purchase monthly premiums
To avoid committing a crime
When filing an insurance claim, the policyholder must pay a ________________, which is the amount you owe
before insurance will cover the rest of the bill.
deductible
premium
contract fee
commission
An insurance deductible is..
the monthly premium on an insurance policy.
a commission paid to the agency for the purchase of a policy.
the amount you owe before insurance will cover the rest of the bill.
the contract fee applied to the monthly premium.
An insurance premium is...
the amount of money you pay for an insurance policy.
the amount of money you pay for an insurance policy.
a commission paid to the agency for the purchase of a policy.
an extra fee you need to pay your insurance for filing a claim out of network.
An insurance premium is paid by...
the insurance company
the claims adjuster
the government.
the policyholder
If you get into a car accident, your _______________ may increase because you will be considered riskier for
insurance companies to cover.
insurance premium
claims adjustment
car loan payment
taxes
What does liability insurance not cover in the event of an accident?
Damage to someone else’s car
Damage to someone else’s property
Injury to yourself
Injury to the other driver
Insurance that covers damage to your car from an accident is called...
collision insurance.
liability insurance.
comprehensive insurance
uninsured motorist insurance.
What will collision insurance cover in the event of an accident?
Damage to someone else’s car
Damage to your car
Damage to someone else’s property
Bodily injuries
Which of the following is NOT an advantage of having health insurance?
People with health insurance can skip lines in emergency rooms.
Health insurance protects you financially from medical emergencies.
Health insurance lowers your risk of acquiring medical debt.
Health insurance allows some medical procedures to be covered by a low cost co-pay.
Which of the following is a reason someone should get health insurance?
Health insurance allows all medical procedures to be covered for free.
People with health insurance can get faster access to medical care at emergency rooms.
Health insurance protects you financially from medical emergencies.
Most health insurance policies also covers non medical procedures.
When is it ok not to have health insurance?
If you are young and healthy.
You should always have health insurance.
If you do not have a full time job.
If you are a student under the age of 26.