What is the purpose of having health insurance?
Personal Finance Flashcard
Flashcard
•
Social Studies
•
9th - 12th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Back
It protects you from unexpected, high medical costs
2.
FLASHCARD QUESTION
Front
In the state of Pennsylvania, you are required to have auto insurance on the vehicle that you drive.
Back
True
3.
FLASHCARD QUESTION
Front
What is the purpose of life insurance?
Back
To cover a family financially in the case of a death of a provider
4.
FLASHCARD QUESTION
Front
Choose the word for the following definition: "the ability to borrow money or access goods or services with the understanding that you'll pay later."
Back
credit
5.
FLASHCARD QUESTION
Front
A sum of money that is borrowed.
Back
loan
6.
FLASHCARD QUESTION
Front
What is the term for a loan to purchase a house?
Back
mortgage
7.
FLASHCARD QUESTION
Front
What is a cosigner?
Back
Someone who agrees to take full responsibility for paying back a loan if the borrower cannot
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