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WorksheetsCredit and Insurance
Total questions: 25
Worksheet time: 13mins
A request by a policyholder for compensation from the insurance company for a covered loss or policy event is called a
Adjuster
Barter
Claim
Deductible
Which of the following is NOT a characteristic of money?
a. Portability
b. Divisibility
c. Durability
d. Unlimited availability
The annual or monthly payment made to acquire and maintain insurance coverage is the
a. Deductible
b. Coverage
c. Premium
d. Liability
A business’s legal financial debts or obligations that arise during the course of business operations are called its
a. Assets
b. Portfolio
c. Interests
d. Liabilities
Which of following will most likely cause your insurance premiums to decrease?
a. Moving to a bigger city
b. Filing a claim
c. Driving farther to work or school each day
d. Turning 25 years old
A loan on which you have not paid at least the assigned minimum is considered
a. Amortized
b. Bankrupt
c. Compounded
d. Delinquent
This refers to the chance an investment’s actual outcome will differ from
the expected return, including total loss of the investment or unexpectedly large gains.
a. Investment goal
b. Collateral
c. Security
d. Risk
An amendment or addition to an existing insurance policy that alters the terms or scope of the coverage is an
a. Endorsement
b. Lien
c. Rider
d. Appendix
This protects individuals’ deposits in member banks up to
$250,000.
a. Securities & Exchange Commission
b. President of the United States
c. Federal Reserve
d. Federal Deposit Insurance Corporation
Which of the following is NOT a way to improve your credit score?
a. Make payments on time
b. Use credit cards to pay credit cards
c. Pay down your credit
d. Pay more than the minimum due
In the graph, P1 and Q1 marks the _______________ point.
a. Efficiency
b. Scarcity
c. Equilibrium
d. Supply
If supply decreased, but demand for the product remained the same
a. The S line would move to the right, and the price would decrease
b. The D line would move to the right, and the price would decrease
c. The S line would move to the left, and the price would increase
d. The S line would move to the right, and the price would increase
If demand decreased, but supply remained the same
a. The S line would move to the right, and the price would increase
b. The D line would move to the right, and the price would decrease
c. The D line would move to the left, and the price would decrease
d. The D line would move to the right, and the price would increase
If demand increased, and supply increased proportionately, what would happen?
a. Both the S line and D line would move right, and price would increase
b. Both the S line and D line would move left, and price would decrease
c. Both the S line and D line would move right, and the price would stay the same
d. Both the S line and D line would move left, and the price would increase
Your income, repayment schedule, and credit history
a. Character
b. Capacity
c. Conditions
d. Collateral
e. Capital
The intended purpose of the loan
a. Character
b. Capacity
c. Conditions
d. Collateral
e. Capital
All the money and assets you possess
a. Character
b. Capacity
c. Conditions
d. Collateral
e. Capital
Educational background, references, personal history
a. Character
b. Capacity
c. Conditions
d. Collateral
e. Capital
Additional securities offered to a lender
a. Character
b. Capacity
c. Conditions
d. Collateral
e. Capital
Coverage for any loss or damage from a motor vehicle crash
a. Liability
b. Uninsured
c. Personal Injury
d. Collision
e. Comprehensive
Coverage for any loss or damage by someone without insurance
a. Liability
b. Uninsured
c. Personal Injury
d. Collision
e. Comprehensive
Coverage for human injuries in an accident or incident
a. Liability
b. Uninsured
c. Personal Injury
d. Collision
e. Comprehensive
Coverage for loss or damage from something other than a crash
a. Liability
b. Uninsured
c. Personal Injury
d. Collision
e. Comprehensive
Coverage protecting others from losses or damages you cause
a. Liability
b. Uninsured
c. Personal Injury
d. Collision
e. Comprehensive
Also known as the Truth in Lending Act, requires lenders to disclose
borrowing costs so consumers can make informed choices. This includes such things as any variable interest rates and the total cost of the loan over the full term of the loan.
a. Title IX
b. Regulation B
c. Regulation Z
d. Glass-Steagall Act
