FA Unit 10 Test
Authored by Nathan Totten
Mathematics
12th Grade
CCSS covered
Used 10+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The purpose of insurance is to...
Build wealth
Transfer risk
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Why do insurance companies need a large pool of people paying insurance premiums?
So that insurance company employees will get more bonuses included in their next paycheck
To cover the costs for the emergencies of the few who need it
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What role does math play in the insurance industry?
They use statistics to find out how likely a client will need to use the insurance
They use calculus to find out how likely a client will need to use the insurance
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a premium?
The amount of money you pay per month to have insurance
The amount of money you pay out-of-pocket if you have an accident
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a deductible?
The amount of money you pay per month to have insurance
The amount of money you pay out-of-pocket if you have an accident
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is an insurance limit?
The maximum amount of money the insurance company will pay you to cover an accident
The amount of money you pay out-of-pocket if you have an accident
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the benefit of a high deductible?
You will have a lower monthly insurance payment
You will have lower out-of-pocket expenses if you get in an accident
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
22 questions
AP Stats Confidence Intervals for Means
Quiz
•
11th Grade - University
22 questions
Transformations of Functions Graphs
Quiz
•
9th - 12th Grade
22 questions
Exponent with Same Bases
Quiz
•
10th - 12th Grade
22 questions
Intro to Graphing Exponential Functions
Quiz
•
9th - 12th Grade
22 questions
Intersection of Secants
Quiz
•
10th - 12th Grade
22 questions
Shifting Functions
Quiz
•
9th - 12th Grade
22 questions
Algebra 2 - Chapter 2 part 2
Quiz
•
10th - 12th Grade
22 questions
Compound Interest Exponential Growth and Decay
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Mathematics
12 questions
Add and Subtract Polynomials
Quiz
•
9th - 12th Grade
15 questions
Exponential Growth and Decay Word Problems Practice
Quiz
•
9th - 12th Grade
17 questions
Explore Experimental and Theoretical Probability
Quiz
•
7th - 12th Grade
15 questions
Parallelogram Properties
Quiz
•
10th - 12th Grade
18 questions
Solving Systems- Word Problems
Quiz
•
9th - 12th Grade
34 questions
7.4 Review Cubic and Cube Root Functions
Quiz
•
10th - 12th Grade
21 questions
Geometry Chapter 2 Review
Quiz
•
9th - 12th Grade
9 questions
Identifying Parts Of An Expression
Quiz
•
6th - 12th Grade