Finance Vocab

Finance Vocab

6th Grade

15 Qs

quiz-placeholder

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Finance Vocab

Finance Vocab

Assessment

Quiz

Life Skills

6th Grade

Medium

Created by

Carson Burchill

Used 11+ times

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15 questions

Show all answers

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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