Insurance — Unit test Answers

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21
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Companies report people to credit agencies if they

A
fail to pay their bills on time.
B
borrow too much money.
C
fail to use different types of credit.
D
use large amounts of credit at once.
22
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What is the job outlook for a US postal worker?

T
The career is growing and will provide more opportunities over time.
T
The career is growing and will provide fewer opportunities over time.
T
The career is shrinking and will provide more opportunities over time.
T
The career is shrinking and will provide fewer opportunities over time.
24

Credit unions differ from retail banks because they are

A
owned by their members.
B
owned by their employees.
C
owned and managed by private corporations.
D
owned by shareholders who purchased stock.
25

best

w
writing them down on one list and keeping them in a safe place at home
t
typing them into her smartphone so they are easily accessible
t
typing them into an e-mail and sending it to her personal e-mail account
w
writing them down on one list and keeping them in her wallet
26

What is one way employers get employees to participate in a 401k?

A
by requiring them to participate unless they opt out
B
by requiring them to opt in if they want to participate
C
by giving them an annual pay raise
D
by giving them a signing bonus when they participate
27

Which describes a type of tax that people pay on money they earn?

f
flat tax
i
income tax
p
purchase tax
p
progressive tax
28

One advantage to buying a CD is that it

A
can be purchased for different amounts.
B
is high risk but comes with great rewards.
C
can be used for long-term retirement.
D
is high risk but backed by the government.

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