Finance Vocab
Quiz
•
Life Skills
•
6th Grade
•
Medium
Carson Burchill
Used 11+ times
FREE Resource
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Premium
Back
An additional cost paid on top of an asset's normal cost.
15.
Premium
Insurance
401(K)
IRA
2.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
Individual Retirement Account.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is Gross pay Back The amount of money you receive before taxes are withheld.
YES
NO
Who cares
Your M0M.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a premium?
The amount you pay the insurance company for coverage.
The amount you are personally required to pay before your insurance covers the cost.
A fixed fee you pay for specific medical services.
The most you have to pay for health care in a full year.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ______ is the charge for coverage, and a ______ is the amount the insured is required to contribute before the insurer pays the rest.
Deductible; Premium
Premium; Deductible
Claim; Casualty
Casualty; Claim
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are considered a high risk driver, you will probably pay a lower premium (monthly payment).
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sum a buyer pays upfront when purchasing an expensive good such as a home or car.
Insurance.
Retirement
Down Payment.
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