WorksheetsInsurance Systems Quiz
Total questions: 41
Worksheet time: 55mins
How does insurance work?
By concentrating risk among a few people
By spreading the risk of financial loss among many people
By eliminating all risks
By increasing the risk for everyone
When you ask the insurance company to help pay for a covered loss, what are you making?
Benefit
Deductible
Claim
Premium
Which of the following is a type of insurance that covers vehicles?
Health Insurance
Auto Insurance
Life Insurance
Disability Insurance
What type of insurance is specifically designed to cover medical expenses?
Travel Insurance
Housing Insurance
Health Insurance
Long-Term Care Insurance
Which insurance type provides financial protection for your home?
Auto Insurance
Housing Insurance
Life Insurance
Travel Insurance
What type of insurance provides income in the event you are unable to work due to a disability?
Disability Insurance
Travel Insurance
Housing Insurance
Auto Insurance
What is another name for the Affordable Care Act?
Medicare
Medicaid
ObamaCare
HealthCare Plus
Which government passed the Affordable Care Act?
Canadian government
U.K. government
U.S. government
Australian government
Who is eligible for Medicare?
Children from low-income families
People who are 65 and older or have certain disabilities
Active military members
Families earning too much for Medicaid
Who benefits from Tricare?
Low-income families
People over 65 years old
Active military members, their families, and retired veterans
Children from wealthy families
Which of the following is NOT covered by liability coverage?
Injuries to others
Damage to your car
Damage to others' property
Legal fees for others
Why is liability coverage required by most states?
It covers your own medical expenses
It is the most basic form of car insurance
It covers theft of your vehicle
It pays for routine maintenance
What is the primary purpose of liability coverage?
To cover your own injuries
To cover damage to your car
To cover costs if you cause harm to others
To cover parking tickets
Comprehensive coverage does not include damage from which of the following?
Fire
Flood
Collision with another vehicle
Theft
Which of the following is NOT mentioned as a type of investment in the text?
Real estate
Stocks
Bonds
Savings accounts
What happens to the price of a stock if more people want to buy it than sell it?
The price moves up.
The price stays the same.
The price moves down.
The price becomes unpredictable.
What is the result when more people want to sell a stock than buy it?
The price would fall.
The price would rise.
The price would stay the same.
The price would become unpredictable.
What is a 52-week low?
The highest price at which an asset has been traded over the prior 52 weeks.
The average price of an asset over the prior 52 weeks.
The lowest price at which an asset has been traded over the prior 52 weeks.
The closing price of an asset at the end of 52 weeks.
What is a key feature of cryptocurrency transactions?
They require a bank
They involve a third party
They can be done by anyone worldwide
They are only local
How are Bitcoin transactions conducted according to the text?
Through physical banks
Over the internet
Using credit cards
Through postal services
In simple terms, what do computers solve during Bitcoin mining?
Word puzzles
Mathematical equations
Crosswords
Logical riddles
What do computers receive as a reward for solving equations in Bitcoin mining?
Gold
Dollars
Bitcoins
Tokens
What right does the buyer of a call option have?
The right to sell the stock
The right to hold the stock indefinitely
The right to purchase the stock
The right to trade the stock without a price
What does the term "strike price" refer to in options trading?
The price at which the stock is currently trading
The price at which the option can be exercised
The price at which the stock was originally purchased
The price at which the stock will be sold in the future
When can a call option be exercised?
At any time before the expiration date
Only on the expiration date
After the expiration date
At any time after the purchase
What are individual health plans?
Insurance policies provided by your employer
Insurance policies you buy on your own
Government-provided insurance
Insurance policies for businesses
What is a dividend?
A type of loan given to a company
A sum of money paid regularly by a company to its shareholders
A tax imposed on company profits
A fee charged by banks for transactions
How often are dividends typically paid?
Annually
Monthly
Quarterly
Daily
If an individual owns 25% of the shares, it in turn means they own 25% of the company.
True
False
What is the largest equities market (stock exchange) in the world?
American Stock Exchange (AMEX)
Federal Deposit Insurance Corporation (FDIC)
NASDAQ
New York Stock Exchange (NYSE)
What should you consider when evaluating a stock as part of your portfolio?
Its fit with your overall investment strategy
Its popularity on social media
Its color and logo design
Its advertising campaigns
How many stocks are in a contract?
10
1,000
100
10,000
Buying CALLS means that you think the stock is going to
Go down
Stay the same
Go up
Call you back
You buy these contracts when you think a stock is going to go down.
(a)
As the first successful crypto asset, Bitcoin is guaranteed to retain its value over time.
True
False
Who is the creator of Bitcoin?
Ryuichi Sakamoto
Satoshi Nakamoto
Akira Toriyama
Masashi Kishimoto
What is Bitcoin?
A cloud-based service that hosts blockchain nodes
A decentralized digital currency
A digital crypto wallet
A hardware crypto wallet
Dogecoin is
a stable-coin
a meme-coin
an NFT
an RWA token
What are Mining pools?
A pool of blockchains
When miners group together to share resources
The place where miners search for BTC
If you could invest in 3 stocks for the future, what would they be and why?
Would you rather invest in cryptocurrency or stocks? Give me at least 3 reasons why
