Credit And Insurance Question Preview (ID: 61518)

a) The highest amount your insurance will pay for a medical expense

b) The amount you pay to have health insurance every month.

c)

d)

a) The amount of your own money you have to pay for health expenses before your insurance starts to pay

b) The amount you pay to have health insurance every month.

c)

d)

a) The amount of your own money you have to pay for health expenses before your insurance starts to pay

b) The amount you pay to have health insurance every month.

c)

d)

a) Transfer risk and protect yourself from unforeseen events

b) Pay people to perform tasks for you

c)

d)

a) Use your credit card a lot and accumulate debt by only paying the minimum payment

b) You earn interest on the original investment, then you earn interest on that amount + the interest you earn

c)

d)

a) When the interest rate only applies to the principal (original) balance or amount.

b) When an account uses simple interest, interest compounds over time on the original balance plus accumulated interest

c)

d)

a) Compound interest gets applied to the original balance plus all accumulated interest.

b) Compound interest results in less debt for borrowers and less profit for investors

c)

d)

a) You will have more money to spend without consequences.

b) You will accrue interest debt on the money you are not paying back, which will compound over time

c)

d)

a) You will owe the balance plus interest, and your available balance will be less that amount

b) Your credit card will be canceled

c)

d)

a) How much cash they have on hand and in the bank

b) The value of all of their assets, minus liabilities like loans and other expenses

c)

d)

a) Everyone pays the same amount for insurance premiums

b) The predicted likelihood of you having an event that will lead to loss or expenses

c)

d)