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MM Chapter 9 And 10 T/F Part 1
Test Description: T/F Part 1
Instructions: Answer all questions to get your test result.
1) Good identity theft protection includes restoration services
A
False
B
True
2) If money fights are a problem in a marriage, then money management provides an opportunity to improve a marriage
A
True
B
False
3) Cash value life insurance is more expensive than term life insurance
A
True
B
False
4) The purpose of insurance is to increase your investments
A
True
B
False
5) The state of Texas requires every driver to have liability coverage on their auto insurance
A
True
B
False
6) You should never have both cash value and term life insurance
A
False
B
True
7) Communication, teamwork, and consistency are all important elements in handling family finances
A
False
B
True
8) Following the Five Foundations will help you to one day become self-insured
A
False
B
True
9) Any insurance with cash value or that combines insurance with investments is a bad idea
A
True
B
False
10) It is a good idea to get duplicate coverage for any type of insurance policy
A
True
B
False
11) Nerds don't like to deal with money and free spirits are more responsible with their money
A
False
B
True
12) Renter's insurance covers your loss due to smoke damage
A
True
B
False
13) Renter's insurance is not necessary if you don't have a lot of expensive things
A
True
B
False
14) The goal in communicating with your parents about money is to become responsible and independent with the money you have
A
True
B
False
15) Other than Collision coverage takes care of damage to your car that is not caused by a collision
A
False
B
True
*select an answer for all questions
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