1. Risk is best defined as:
Correct!
Wrong!
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2. Which of the following can be classified as an unexpected event that puts people at risk?
Correct!
Wrong!
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3. You are at risk for personal financial loss when:
Correct!
Wrong!
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4. Insurance is best described as:
Correct!
Wrong!
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5. An insurance premium is:
Correct!
Wrong!
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6. Where do insurance companies get money to pay out claims?
Correct!
Wrong!
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7. Which of the following best describes the relationship between risk and insurance premiums?
Correct!
Wrong!
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8. You can potentially lower insurance premiums by:
Correct!
Wrong!
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I'm a digital content strategist and personal finance junkie. After spending years as a governmental accountant, I transitioned into the world of freelance writing and I'm loving every moment of it. My work has been featured on The Wall Street Journal, ABC News, MSN Money, Yahoo! Finance, Fox Business, Credit.com, Investopedia and Money Talks News. I also teach financial literacy workshops for nonprofits, governmental organizations, colleges and universities around the nation. When I'm not writing away or speaking at an event, I enjoy spending time with my family, mentoring mommy-preneurs and traveling.