Exam 3 - FINC2400 Test 3 Fall 2007 Name(print VERSION 1...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Page 1 of 4 FINC2400 Test 3 Name (print): __________________________________________________ Fall 2007 VERSION 1 Section 1 True/False Indicate the correct answer for each question by circling your response. (10 points) 1. All insurance companies must follow strict guidelines about what they invest in, so it doesn’t matter which company you buy your policy from, they’re all equally safe. True False 2. If you leave a company and are unemployed, the COBRA Act allows you to pay for continued health insurance throu gh that company’s plan for 18 – 36 months after you leave. True False 3. Young investors who have many years to go until retirement should invest in stocks and take on higher risk because of the time dimension of investing. True False 4. Flood protection is not a standard part of a home insurance contract; rather, it is supplemental coverage that comes at an additional cost. True False 5. A life insurance policy cost-of-living adjustment (COLA) rider increases death benefits at the same rate as inflation. True False 6. The Efficient Markets Hypothesis says that Wall Street analysts can consistently choose stocks that outperform the Dow Jones Industrial Average. True False 7. Group health insurance is typically cheaper than individual health insurance. True False 8. The state of Alabama requires drivers to be insured. True False 9. An unmarried adult with no children or other dependents should always have a life insurance policy. True False 10. Insurance customers who have a higher credit score will generally pay lower insurance premiums.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern