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Unit 5 Evaluation Personal Finance and Economics (BUSH 033 059) When you feel you are adequately prepared, complete this Unit Evaluation. It is important that you do your own work. If you have difficulty with particular sections, you may use your textbook and course materials for help in answering the questions. After you have completed this evaluation, you will submit it for grading. True/False Choose whether each statement is true or false. 1. Insurance limits the possible amount of financial losses. a. true b. false 2. Your driving record cannot affect your premiums as long as you don't have any accidents. a. true b. false 3. In case of fire, it is good to have a household inventory in a bank safe deposit box. a. true b. false 4. It is a good idea to call the police to investigate any accident in which you are involved.
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a. true b. false 5. Males under the age of 21 normally pay more for automobile insurance than people over 25. a. true b. false 6. Vehicles that have a higher risk for theft usually have high insurance premiums. a. true b. false 7. An umbrella policy provides homeowners protection from floods. a. true b. false 8. Reducing deductible amounts should reduce premium amounts. a. true b. false 9. Fraudulent claims increase the costs of providing insurance protection. a. true b. false 10. To insure something, it must be something of value that, if lost, would cause you financial harm. a. true b. false 11. Group insurance is less expensive to administer per person because of the large number of people in the plan. a. true b. false 12. Permanent life insurance provides a death benefit plus a savings plan.
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  • Fall '18
  • A., Whole life insurance, Permanent life insurance

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