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5 Written questions

5 Matching questions

  1. warranties
  2. leasing/ buying a car and the types of loans
  3. warranty of merchantability
  4. types of life insurance companies
  5. extend warranties
  1. a if you buy a car from a dealer you have 2 options:
    - traditional lending source
    -dealer financing
  2. b - implies that the product will serve its purpose
  3. c - a promise to preform/ pay for certain repairs or services.
  4. d -stock life: owned by stockholders
    -mutual life: owned by policy holders who share profits
    -fraternal societies: EX. knights of Columbus, Free Masons
    -Federal government: veterans and members of uninformed services
  5. e - a promise by the manufacture/merchant to stand by there product

5 Multiple choice questions

  1. - insurance that provides a monetary payment to a specify Beneficiary in the event a policyholder dies
    -It is regulated by state government
  2. - a product warranty created by the state law, all states have them
    -every purchase you make is covered by Implied/written warranties
  3. - the max. out of pocket expensive (Co Pay) per year, before the insurance company pays 100% of expensive per year
  4. - the amount you pay out of pocket before your insurance pays the clam
  5. - brands indicate who the product was manufactured by or for
    -name brands are common household names and are advertised more and are also more expensive
    -store/ generic brands items manufactured for a specific food store. also they are not sold under a store or private label

5 True/False questions

  1. interest rates_______ is a for using a companies credit card.


  2. types of people who need life insurance-indemnity plan: a private health care plan in which the policyholder is free to select his/her own health care provider
    -health maintenance org. (HMO): a managed health care plan that allows its members services preformed by Dr's and hospitals
    - preferred provider org. (PPO): a managed health care plan that offers medical benefits through a list of approved providers
    -Point of services (POS): a health insurance plan that has combined HMO's and PPO's
    -Dental insurance
    - vision insurance


  3. Factors that effect credit score- a loan for a specific amount that must be paid back on or before a agreed date
    -mainly for car/home loans


  4. Whole life- a whole life insurance throughout your life


  5. liability insurance- a amount of time you pay for life insurance.(10 yrs)
    -Most common