44
QuizMultiple Choice

Insurance — Unit test

Question 44 • Personal Finance - SC 26-27 (For Credit)

What is one cost of avoiding insurance?

Answer
A
falling into debt if faced with a serious problem
B
not benefitting from insurance deductibles
C
not being able to purchase a car or home
D
facing increased probability of accidents

Explanation

Without insurance, you must pay the full cost of a serious illness, accident, or other major problem yourself. Those expenses can be large enough to put you in debt, so the correct choice is “falling into debt if faced with a serious problem.”

AI-written and checked against the verified answer.

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