Insurance — Unit test Answers

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21
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This graph compares the cost of an education at different institutions in Texas.

Question illustration
A
private universities can cost three times as much to attend as public universities.
B
public universities can cost three times as much to attend as private universities.
C
community colleges can cost five times as much to attend as technical schools.
D
technical schools can cost five times as much to attend as community colleges.
22
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Which type of insurance policy would someone get to protect others only?

A
health insurance
B
life insurance
C
property insurance
D
disability insurance
23

Which of these is a characteristic of certificates of deposit (CDs)?

A
They are always offered at variable rates.
B
They last for a set period of time.
C
They can be opened with any amount of money.
D
They allow access to the money at any time without penalty.
24

Which statement best explains a grant?

A
A grant is money awarded to a student, usually based on financial need.
B
A grant is aid given to a student by an institution, often based on academic success.
C
A grant is money borrowed by a student to pay for an education that will need to be repaid.
D
A grant is the price of attending classes at a school.

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