What is one primary benefit of purchasing insurance?
Unit 2 Review

Quiz
•
Social Studies
•
12th Grade
•
Hard
Juan Sarabia Parra
FREE Resource
50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Guaranteed investment returns
Avoiding all financial risks
Peace of mind and financial protection
Elimination of deductibles
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential cost associated with buying insurance?
Increased asset value
Lower monthly premiums
Deductibles and co-pays
Enhanced personal well-being
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a financial benefit of having insurance?
Reduced monthly premiums
Unlimited coverage for all expenses
Tax deductions on premium payments
Financial protection from unexpected costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might be a drawback of over-insuring with excessive coverage?
Greater financial protection
Lower premium costs
Wasting money on unnecessary coverage
Eliminating deductibles
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a personal benefit of insurance?
Increasing your risk tolerance
Reducing the need for emergency savings
Providing a safety net during unexpected events
Guaranteeing wealth accumulation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of philanthropy?
To make a profit for businesses
To promote the well-being of others
To gain fame and recognition
To replace government programs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a common motivation for philanthropy?
Altruism
Personal values
Social responsibility
Competing for donations
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