How should a person know how much coverage she needs when selecting renters insurance?

Determine the dollar value of personal property to be covered by insurance

Do online research to find out the minimum coverage required

Ask salespeople from several different insurance companies

The amount of insurance is the same for everyone

Is heathcare required by law?

Only if you get injured frequently

What is the purpose of healthcare?

To help you pay for your medical care

To make sure you don't get sick

To ensure that you have money left over for retirement

What is the definition of a premium?

The amount you pay for health coverage every month

The full amount you pay before your insurance company pays

The quality of service you receive based on your plan

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date

Money allocated to a specific account for future use by the consumer without borrowing

The ability and willingness of an individual to pay back a loan as perceived by the lender

An individual’s character, capital, capacity, collateral and conditions

Benefits of credit cards include:

safe and convenient, bonuses are offered

allows you to build a positive credit report

needed for reservations and online shopping

Which of the following items can be found on a credit card statement?

year to date totals and how long it will take you to pay it off w/minimum only

To build a good credit history, you should

pay the minimum or more on your account each month

be careful not to take on too much debt

The primary sources of income for young people between 18 and 30, who are not living on a pension (retirement) or social security are?

Profits from businesses they own.

Dividends and interest from investments

How can one avoid paying interest on money borrowed on a credit card?

Pay the amount used in full during the current billing cycle

Make the minimum payment on the account statement

Pay at least have of the balance showing on the statement

Virtual Business Personal Finance

Authored by Memory Reed

Life Skills, Business

9th - 12th Grade

CCSS covered

Used 61+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View

Student View

61 questions

Show all answers

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You can handle your checking account through online banking.

True

False

Money taken out of your checking account.

withdrawal

stop payment

endorsement

outstanding

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Checking accounts should be used for ...

everyday transactions.

emergency funds.

short-term goals.

long-term goals.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash can be withdrawn from a checking account using all of the following except a(n)...

debit card.

check.

ATM.

credit card.

What do you need to withdraw cash from an ATM?

Pin Number

Debit Card

Cash in your Account

All of the Above

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If you use an ATM that is not sponsored by your bank, you may be...

given extra money.

given a hug.

given ice cream.

charged a service fee.

7) A resume is a formal document that presents a person's knowledge, skills, and abilities to potential employers.

True

False

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Microsoft

or continue with

Facebook

Apple

Others

Already have an account?

Similar Resources on Wayground

65 questions

Get Money Certified Exam (Financial Literacy)

Quiz

•

7th - 12th Grade

60 questions

NATIONAL ECONOMICS OLYMPIAD (NEO) 2022 – FUS-FIRST ROUND

Quiz

•

7th - 12th Grade

60 questions

Advertising and Personal selling

Quiz

•

10th Grade

61 questions

CSEC POB January 2024 Paper 1

Quiz

•

11th Grade

60 questions

FN Unit 1 Test Review 25/26

Quiz

•

9th Grade - University

65 questions

FACS-Child Development Review

Quiz

•

9th - 12th Grade

63 questions

Intro to Business Final Exam Review

Quiz

•

9th Grade - University

60 questions

Entrepreneurship Final Exam

Quiz

•

9th Grade

Popular Resources on Wayground

24 questions

PBIS-HGMS Day 10

Quiz

•

6th - 8th Grade

10 questions

HCS SCI 03 Summer School Review 3

Quiz

•

3rd Grade

11 questions

Home Scope

Quiz

•

7th - 8th Grade

15 questions

HCS SCI 05 Summer School Assessment 3 Review

Quiz

•

5th Grade

35 questions

Lufkin Road Middle School Student Handbook & Policies Assessment

Quiz

•

7th Grade

18 questions

Geo 11.3 Area of Circles and Sectors

Quiz

•

9th - 11th Grade

Discover more resources for Life Skills

18 questions

Geo 11.3 Area of Circles and Sectors

Quiz

•

9th - 11th Grade

Virtual Business Personal Finance

You can handle your checking account through online banking.

Money taken out of your checking account.

Checking accounts should be used for ...

Cash can be withdrawn from a checking account using all of the following except a(n)...

What do you need to withdraw cash from an ATM?

If you use an ATM that is not sponsored by your bank, you may be...

7) A resume is a formal document that presents a person's knowledge, skills, and abilities to potential employers.

What type of information should you include on a resume?

Which of the following can help a person lower her personal risk of loss?

Money that a person pays to an insurance company for a policy is called a

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Life Skills