AnswersEconomicsFinancial Literacy

Financial Literacy — Test Answers

23 verified answers1 views
23
Free Preview

Under which circumstance would someone need disability insurance?

A
A person was in a car accident and cannot work for several months.
B
A person's suitcase was stolen and valuables were lost.
C
A person's house was seriously damaged during a natural disaster.
D
A person has contracted the flu and needs a prescription.
25

What does the information demonstrate about Gale’s investments?

A
If she had diversified her investments further, her profits would have been considerably larger.
B
If she had put money in her savings account only and had not diversified, her profits would grow.
C
If she had diversified her investments further, she would have reduced her risk but made less of a profit.
D
If she had purchased only the stock and had not diversified her investments, she would have lost money.

Did you find these answers helpful?