LIBF UNIT 1 Topic 11

The youngest age at which you can get a full-time job is:

• 15

• 17

• 18

A non-professional career, such as in retail, will tend to:

• have a flat pay structure and pay an hourly wage

• have an increasing pay structure and pay a monthly salary

• have a flat pay structure and pay a monthly salary

Young adults tend to:

• earn more than mature adults

• earn the same as mature adults

• earn less than mature adults

Car insurance is more expensive for younger drivers because of their increased:

• physical risk

• emotional risk

• financial risk

As you get older, your appetite for risk tends to:

• increase

• decrease

• stay the same

Events in each life stage are the same for every person.

• True

• False

An insurance policy is a way of protecting yourself from the financial costs of a risk happening.

• True

• False