You have renter's insurance for your personal property in your apartment. Your coverage limit is $25,000. You have $8,000 in your property stolen from your apartment. You will receive the following amount from your insurance company: a)8,000 b)17,000 c)25,000 d)It depends on when the burglary occurred.
You have renter's insurance for your personal property in your apartment. Your coverage limit is $25,000. You have $8,000 in your property stolen from your apartment. You will receive the following amount from your insurance company: a)8,000 b)17,000 c)25,000 d)It depends on when the burglary occurred.
You have a $12,000 health insurance claim for foot surgery. On your policy, you have a $2,000 deductible and a 20% co-insurance requirement. How much will you pay out-of-pocket for the surgery? 2,000 2,400 4,000 10,000
You have the following coverages on your automobile: Liability, Collision, Other-than-Collision, and Medical Expenses. You car gets vandalized. Which part of your policy will pay for damages to your car? a)Collision b)Other-than-Collision (Comprehensive) c)Liability d)Medical Expenses
You have the following coverages on your automobile: Liability, Collision, Other-than-Collision, and Medical Expenses. You car gets vandalized. Which part of your policy will pay for damages to your car? a)Collision b)Other-than-Collision (Comprehensive) c)Liability d)Medical Expenses
You have the following coverages on your automobile: Liability, Collision, Other-than-Collision, and Medical Expenses. You hit another car, and it is your fault. Which part of your policy will pay for damages to your car? a)Collision b)Other-than-Collision (Comprehensive) c)Liability d)Medical Expenses
You have the following coverages on your automobile: Liability, Collision, Other-than-Collision, and Medical Expenses. You hit another car, and it is your fault. Which part of your policy will pay for damages to your car? a)Collision b)Other-than-Collision (Comprehensive) c)Liability d)Medical Expenses
You have the following coverages on your automobile: Liability, Collision, Other-than-Collision, and Medical Expenses. You hit another car, and it is your fault. Which part of your policy will pay for damages to the other car? a)Collision b)Other-than-Collision (Comprehensive) c)Liability d)Medical Expenses
You have the following coverages on your automobile: Liability, Collision, Other-than-Collision, and Medical Expenses. You hit another car, and it is your fault. Which part of your policy will pay for damages to the other car? a)Collision b)Other-than-Collision (Comprehensive) c)Liability d)Medical Expenses
You have renter's insurance for your personal property in your apartment. Your coverage limit is $25,000. You have $8,000 in your property stolen from your apartment. You will receive the following amount from your insurance company: a)8,000 b)17,000 c)25,000 d)It depends on when the burglary occurred
You have renter's insurance for your personal property in your apartment. Your coverage limit is $25,000. You have $8,000 in your property stolen from your apartment. You will receive the following amount from your insurance company: a)8,000 b)17,000 c)25,000 d)It depends on when the burglary occurred
Which of the following is NOT a characteristic of Social Security? a)You can retire at age 62 and receive reduced benefits as compared to retiring at age 67 b)You can retire at age 67 and receive full benefits You pay your Social Security tax when you file your tax return annually Social security c)Benefits normally replace only d)About 40% of pre-retirement income
Which of the following is NOT a characteristic of Social Security? a)You can retire at age 62 and receive reduced benefits as compared to retiring at age 67 b)You can retire at age 67 and receive full benefits You pay your Social Security tax when you file your tax return annually Social security c)Benefits normally replace only d)About 40% of pre-retirement income
How should your investment portfolio change as you get older? a)You should shift a larger percentage of your portfolio into safer investments, since you won't have as long to recover if your portfolio suffers a loss b)You should shift a larger percentage of your portfolio into riskier investments, because you can make money more quickly c)You should shift a larger percentage of your portfolio into individual stocks or bonds, not mutual funds d)You need not make any changes to your portfolio's composition as you get older
How should your investment portfolio change as you get older? a)You should shift a larger percentage of your portfolio into safer investments, since you won't have as long to recover if your portfolio suffers a loss b)You should shift a larger percentage of your portfolio into riskier investments, because you can make money more quickly c)You should shift a larger percentage of your portfolio into individual stocks or bonds, not mutual funds d)You need not make any changes to your portfolio's composition as you get older
The difference between a stock and a bond is a)a bond has a guaranteed return, while stock is part ownership in a company that does not guarantee a rate of return b)bonds pay dividends while stocks don't pay dividends c)stock is a loan to the company that must be paid back, while a bond is part ownership in a company that will never be paid back by the company d)stocks are traded on the open market, while bonds are only bought by banks
The difference between a stock and a bond is a)a bond has a guaranteed return, while stock is part ownership in a company that does not guarantee a rate of return b)bonds pay dividends while stocks don't pay dividends c)stock is a loan to the company that must be paid back, while a bond is part ownership in a company that will never be paid back by the company d)stocks are traded on the open market, while bonds are only bought by banks
What is the difference between investing in mutual funds as opposed to individual stocks and/or bonds? a)The mutual fund buys a broad range of stocks and/or bonds, while it is much more difficult to own that many different stocks and/or bonds with a limited amount of money b)It is much easier to own a wide range of stocks and/or bonds when buying them individually as opposed to investing in a mutual fund c)Mutual funds are more expensive than individual stocks or bonds d)Mutual funds only invest in commodities markets
What is the difference between investing in mutual funds as opposed to individual stocks and/or bonds? a)The mutual fund buys a broad range of stocks and/or bonds, while it is much more difficult to own that many different stocks and/or bonds with a limited amount of money b)It is much easier to own a wide range of stocks and/or bonds when buying them individually as opposed to investing in a mutual fund c)Mutual funds are more expensive than individual stocks or bonds d)Mutual funds only invest in commodities markets
If you have an investment earn 10% interest in a year, and the inflation rate is 3% during that same year, what is your real rate of return? a)3.33% b)7% c)10% d)13%
If you have an investment earn 10% interest in a year, and the inflation rate is 3% during that same year, what is your real rate of return? a)3.33% b)7% c)10% d)13%
What is the relationship between the monthly payment on a car loan and the monthly payment on a lease on that same vehicle? a)The monthly payments will be identical b)The lease will cost you less than the loan c)The lease will cost you more than the loan d)The lease has gradually increasing payments, while the loan payment stays the same
What is the relationship between the monthly payment on a car loan and the monthly payment on a lease on that same vehicle? a)The monthly payments will be identical b)The lease will cost you less than the loan c)The lease will cost you more than the loan d)The lease has gradually increasing payments, while the loan payment stays the same
Which of the following is NOT true when considering a new vs. a used car? a)New car dealerships offer you more makes, models, and options that you may not be able to easily find with a used car dealership b)New cars lose at least 30% of their resale value within 2 years c)You may have mechanical issues with a used car that aren't covered by warranty d)A used car may lose its value more quickly than a new car since it is older
Which of the following is NOT true when considering a new vs. a used car? a)New car dealerships offer you more makes, models, and options that you may not be able to easily find with a used car dealership b)New cars lose at least 30% of their resale value within 2 years c)You may have mechanical issues with a used car that aren't covered by warranty d)A used car may lose its value more quickly than a new car since it is older
What is the difference between liability coverage and contents coverage in a renter's insurance policy? a)Liability pays for damage you might do to the building, while contents coverage covers your belongings. b)You must pay for liability coverage; the landlord pays for contents coverage c)Liability covers your belongings, while contents coverage pays for damage you might do to the building d)You must pay for contents coverage; the landlord pays for liability coverage
What is the difference between liability coverage and contents coverage in a renter's insurance policy? a)Liability pays for damage you might do to the building, while contents coverage covers your belongings. b)You must pay for liability coverage; the landlord pays for contents coverage c)Liability covers your belongings, while contents coverage pays for damage you might do to the building d)You must pay for contents coverage; the landlord pays for liability coverage
When estimating income for a budget, a)only consider your normal monthly take-home pay, not any irregular sources b)estimate on the high end, assuming you will get all the hours and overtime you want c)consider every source of income, including things like gifts, tax refunds, etc d)underestimate by 20% to ensure you don't plan to spend too much
When estimating income for a budget, a)only consider your normal monthly take-home pay, not any irregular sources b)estimate on the high end, assuming you will get all the hours and overtime you want c)consider every source of income, including things like gifts, tax refunds, etc d)underestimate by 20% to ensure you don't plan to spend too much
What is the general rule concerning the relationship between education/experience and pay? a)The greater the level of education/experience, the fewer well- paying jobs that are available b)The greater the level of education/experience, the more frequently you get paid c)The greater the level of your education/experience, the more you can expect to be paid d)There is no relationship between education/experience and pay
What is the general rule concerning the relationship between education/experience and pay? a)The greater the level of education/experience, the fewer well- paying jobs that are available b)The greater the level of education/experience, the more frequently you get paid c)The greater the level of your education/experience, the more you can expect to be paid d)There is no relationship between education/experience and pay
If you receive an from your bank telling you to click on a link on that to their site so you can verify your account information, the is probably from a phishing Web site, not your bank. a)True b)False
If you receive an from your bank telling you to click on a link on that to their site so you can verify your account information, the is probably from a phishing Web site, not your bank. a)True b)False