NEW
Font size
WorksheetsBusiness Law, Chapter 4
Total questions: 27
Worksheet time: 14mins
When I applied for a position with the school system, they viewed my credit history. while checking my background. I have the right to know that they viewed my credit history because of which act?
Credit Card Act of 2009
Usury Law
Truth in Lending Act
Fair Credit Reporting Act
While my son was studying in Austria, his wallet, including the family credit card, was stolen by a pick pocket. Which act limited our liability?
Federal Deposit Insurance Act
Electronic Funds Transfer Act
Thrift and Bank Fraud Act
Home Equity Loan Consumer Protection Act
We purchased a new vehicle from a dealership. The vehicle was financed through the dealership. We never received a statement outlining the repayment terms and the annual percentage rate. Which law did the dealership violate?
Credit Card Act of 2009
Usury Law
Truth in Lending Act
Fair Credit Reporting Act
Which act was created to maintain the public's confidence in banks and encourage stable banking practices?
Rights to Financial Privacy Act
Thrift and Bank Fraud Act
Electronic Fund Transfer Act
Federal Deposit Insurance Act
What is the current market value of the home minus the remaining mortgage balance?
Replacement Cost
Actual Cash Value
Property Value
Home equity
A person or business receiving credit is referred to as:
Bank
Creditor
Debtor
Slave
This organization protects consumers' right to attain, use and maintain credit by monitoring and enforcing credit laws.
Federal Trade Commission
Thrift and Bank Fraud Act
Credit Card Companies
Banks
The bank to whom I owe my mortgage contacted my employer several times last week declaring that my home would be foreclosed on if I don't make an immediate payment. Which act provides protection against this kind of treatment?
Truth in Lending Act
Fair Debt Collection Practices Act
Credit Card Act of 2009
Electronic Fund Transfer Act
The purpose of this act was to increase the government's ability to combat bank fraud by increasing the prison time and penalties associated with such crimes.
Truth in Lending
Right to Financial Privacy
Home Equity Consumer Protection
Thrift and Bank Fraud
I recently opened a new credit card. The letter stating that I had been approved included my gold card limit of $50,000 and the annual interest rate of 14.3%. The credit card company followed which law?
Truth in Lending Law
Usury Law
Credit Card Act of 2009
Fair Credit Reporting Act
When checking my credit report recently, I discovered a discrepancy. I found a "non-payment" associated with a person named Jackie Johnson. This is not me. Which act was passed to assist me in getting this corrected?
Disputed Charged Reform Act
Fair Credit Reporting Act
Fair Credit Billing Act
Truth in Lending Act
Bob is 70 years old with many health issues. He routinely sees his doctor. What type of social security benefit will cover him?
Disability
Medicare
Retirement
Survivors
While my family was vacationing at the beach, we were hit by a tropical storm. My car was totaled. What coverage would I need on my auto insurance policy in order for them to pay a claim?
Liability
Property Damage
Comprehensive
Collision
The fee paid to an insurance company in return for the insuring of property or person is referred to as:
Claims
Premiums
Costs
Expenses
Which type of life insurance is the least expensive?
Term
Whole
Universal
Variable
Under which section is the value of your home reflected on a homeowner's policy?
Dwelling
Other Structures
Personal Property
Loss of Use
Which type of insurance could provide coverage for my care in an assisted living facility?
Disability Insurance
Long Term Care Insurance
Life Insurance
Health Insurance
While delivering packages to my home, an Amazon driver was bitten by my dog. What type of insurance would cover her injuries?
Med Pay
Business Insurance
Auto Insurance
Homeowners Insurance
Some homeowners insurance companies will not cover the liability associated with certain breeds of dogs. This could be an example of:
an exclusion
a liability
a claim
fraud
Joe wants to add his children to his existing life insurance policy. Which type of insurance might allow him to do so?
Dental
Long Term Care
Dependent Rider
Umbrella
If you are ever in accident that is caused by another driver who does not have auto insurance, what coverage would it be helpful to have on your property?
Comprehensive
Collision
Liability
Uninsured Motorist
Which of the following is not covered by a standard homeowner's policy?
Lightning strike
Vandalism
Earth movement
Fire
What is the typical relationship between deductibles and premiums on an insurance policy?
As deductibles are decreased, premiums decrease
As deductibles are increased, premiums decrease
They remain constant
There is no relationship
Which government program provides health insurance coverage to low income groups?
Medicare
Medicaid
Medigap
Individual Insurance
You back into another driver in a parking lot and found to be at fault. What part of your auto insurance policy will provide coverage for the other party's vehicle?
Liability Property Damage
Comprehensive
Collision
Extended Transportation
You back into another driver in a parking lot and found to be at fault. What part of your auto insurance policy will provide coverage for your vehicle?
Liability
Comprehensive
Collision
Extended Transportation
Which group managed health insurance plan requires that you select a primary care physician who is responsible for managing and coordinating all of your health care?
HMO
PPO
HMO (POS)
Individual
