What is the main topic discussed in the video introduction?
FP2 - 2.01 Practice

Quiz
•
Financial Education
•
12th Grade
•
Medium
Christine Glasner
Used 6+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banking
Insurance
Investments
Real Estate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Insurance helps us maintain ______ of mind knowing that even if something bad happens, someone else is going to pay for what it costs to fix it.
peace
chaos
confusion
stress
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Insurance involves a company offering a ______ for a certain risk.
loan
guarantee
payment
discount
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main way insurance companies make money?
By spreading risk among many people
By increasing the probability of risk
By reducing the number of insured people
By charging high premiums.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Insurance companies calculate how much money they need to bring in to turn a profit on a given risk with a given ______.
income
probability
number of people
premium
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do most insurance companies specialize in their own kind of insurance?
To reduce competition
To develop complex models for profit
To offer the same insurance as others
To avoid risk.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: If you estimated that 1 in 100 houses burned down each year but it was actually 5 in 100, then you'd be ______.
A) Profiting
B) Breaking even
C) Losing money
D) Gaining customers
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