Strayer FIN 215 Final Exam Part 1 with Answers
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FIN 215 Final Exam Part 1 Answers (Strayer)
1. The basic assumptions that the company used to compute its life insurance premiums include all but
2. ____ is a common provision in many term policies.
3. The probability of a loss occurring can be reduced by
4. Nonforfeiture rights guarantee that a policy owner will not lose his or her ____.
5. The least expensive form of whole life insurance protection is
6. Through insurance, society is able to
7. Surgical expenses now generally are reimbursed on the basis of
8. The U.S. spends about ___% of our economic output on health care.
9. Medicare Advantage supplemental benefits include all of the following except
10. Medicare is a government-sponsored health care plan composed of Part A and Part B. Part B covers
11. Most employees select ____ for their health insurance needs.
12. If your employment is terminated, COBRA provides for
13. Comprehensive automobile coverage refers to
14. Section I of a homeowner’s insurance policy covers all of the following except
15. Liability coverage provides payment to the
16. Section II of the homeowner's insurance contract covers
17. Your standard HO policy will not include coverage for damage done by
18. The advisable dollar limit for any one auto accident is
19. The single most important reason for investing is for
20. The most common reason given for investing is
21. The margin required on the purchase of common stock is currently set at
22. Which of the following is a true statement about the Dow Jones Industrial Average?
23. The ____ Index reflects the total market value of over 98% of all publicly traded stock in the US.
24. Stockbrokers are also known as
25. Instructing your broker to buy or sell a stock at a particular price is a
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