Insurance and Financial Planning Quiz

Insurance and Financial Planning Quiz

12th Grade

32 Qs

quiz-placeholder

Similar activities

Personal Finance Final Review

Personal Finance Final Review

12th Grade

31 Qs

Business Algebra Spring Final

Business Algebra Spring Final

12th Grade

35 Qs

Personal Finance - CH09

Personal Finance - CH09

9th - 12th Grade

30 Qs

Car Insurance

Car Insurance

12th Grade

29 Qs

Personal Finance - Unit 3 Review

Personal Finance - Unit 3 Review

6th - 12th Grade

35 Qs

Pay, Benefits, and Working Conditions (FL1)

Pay, Benefits, and Working Conditions (FL1)

9th - 12th Grade

35 Qs

Insurance and Financial Planning Quiz

Insurance and Financial Planning Quiz

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Elizabeth Richardson

Used 14+ times

FREE Resource

32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is insurance considered an essential part of a healthy financial plan?

It provides a savings account for future use.

It transfers risk from your bank account to the insurance company.

It increases the value of your assets over time.

It guarantees a high return on investment.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the learning objectives mentioned in the section?

Learn how to invest in the stock market.

Identify ways to lower the cost of insurance premiums.

Understand the history of insurance companies.

Recognize the importance of government regulations on insurance.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does recognizing risk as mentioned in the learning objectives refer to?

The potential increase of assets due to wise investments.

The potential loss of assets or earning potential.

The potential to win a lottery or gambling.

The potential to gain new assets without any cost.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the big moments in high school mentioned in the text related to gaining independence?

Getting your first job

Learning to cook

Getting your driver's license

Going to your first concert

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the text, what can burst the bubble of independence when driving?

Forgetting your way home

Accidentally rear-ending someone's car

Running out of gas

Getting lost in a new city

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you need to cover the costs of damages to your car if you are involved in an accident, as per the text?

A warranty

A loan

Insurance

A savings account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of an emergency fund in the context of car accidents, as mentioned in the text?

To pay for a new car

To cover minor repairs

To cover initial costs until insurance kicks in

To pay for traffic fines

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?