Money Management: Help & Review Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Billy received a claim against his health insurance in the mail in the amount of $4,910. This is the first claim against his health insurance for the current calendar year. His deductible is $3,000, his coinsurance is 20%, and his premium is $200. What will Billy end up paying on this claim?

Question 2 2. Which type of retirement plan is a large company most likely to offer today?

Question 3 3. A financial agreement for the payment of health-related costs that is made between an individual or a group of individuals and an insurance company is known as _____.

Question 4 4. The government issues a new two-dollar and fifty cent bill. What is the intrinsic value of the new currency?

Question 5 5. _____ is required if you want to use a debit card for purchases and to withdraw cash from an ATM.

Question 6 6. If a bond pays $40 annually in interest, how much is paid per month in interest?

Question 7 7. Which of these bond types provides the bondholder with the right to exchange the bond for a specific number of shares in the company's common stock before the maturity date?

Question 8 8. Revenue used to fund social insurance programs in the United States is generally funded by which of the following?

Question 9 9. Which of the following individuals is eligible for SSDI benefits?

Question 10 10. George reaches into his wallet and pulls out a $20 US bill to pay for his coffee. By using currency to make a purchase, what is George actually doing?

Question 11 11. What is true of a fiduciary under ERISA?

Question 12 12. How is a bond described?

Question 13 13. Jenny worked 44 hours (4 hours were overtime - she is paid time and a half for that). Her regular wage is $16/hour. She was also given a bonus of $50. Given that her tax rate is 14 percent, what is Jenny's net pay?

Question 14 14. Tim cuts his hand at work, requiring bandaging at the first aid station, but he returns to work immediately. He is able to continue coming to work until he resigns because his supervisor was very strict and often yelled. The injury did not inflict any permanent damage. Why is Tim NOT entitled to indemnity benefits?

Question 15 15. Which of the following statements best describes a 'Tenancy at will?'

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Money Management: Help & Review Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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