Financial Literacy Exam Practice

Two types of life insurance policies

A method of reducing investment risk is known as

one reason investors purchase stock is to

Which has the highest risks?

investments with greater potential returns generally have higher risks

Key word for insurance companies when establishing the cost for a policy

when a person buys a companies bond, he

A person had a laptop destroyed in a fire. She was able to buy a new one because her insurance 

money that a person pays to an insurance policy  is called a

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

main reason for buying a stock mutual fund

profit from stocks, bonds, or real estate

Car insurance will probably ______ if the diver receives several traffic tickets

If car was damaged in a flood, which type of car insurance would cover the damage to the car?

a company sells shares of ownership