AnswersFL-2102373-Personal Finance and Money Management HonorsBuying and Selling Stock

Buying and Selling Stock Answers

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In which ways are contracts implemented? Check all that apply.accepting a lunch invitation from colleaguesagreeing to complete your homework each nightentering into a purchase agreement when buying a caragreeing to the privacy policy when signing up for a new online serviceaccepting terms and conditions when installing a new app on your smartphone

A
accepting a lunch invitation from colleagues
B
agreeing to complete your homework each night
C
entering into a purchase agreement when buying a car
D
agreeing to the privacy policy when signing up for a new online service
E
accepting terms and conditions when installing a new app on your smartphone
2
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When signing a contract, which part of the contract specifies the time for which the contract will be in effect?

A
duration
B
contract term
C
validity period
D
termination clause
3

Which type of contract is a mortgage?

A
one that requires homeowner's insurance for the borrower
B
one that guarantees the borrower will pay the full purchase price upfront
C
one that allows the lender to take possession of the home immediately
D
one that divides the cost of a home into affordable monthly payments
4

What is the primary purpose of an insurance policy as a contract for services?

A
to provide full coverage regardless of its terms and conditions
B
to provide financial protection to the insured in the event of a loss
C
to offer legal assistance for any situation the insured might encounter
D
to ensure the insurance company profits from the premiums paid by the insured
5

Sam has a comprehensive home insurance policy covering theft and often leaves his front door unlocked. What is this behavior called?

A
risk mitigation
B
claim aversion
C
moral hazard
D
liability shifting
6

What is the relationship between deductibles and premiums in health insurance plans?

A
A lower deductible leads to lower monthly premiums.
B
A higher deductible often results in lower monthly premiums.
C
Higher monthly premiums increase the deductible amount you pay.
D
Lower monthly premiums decrease the deductible amount you pay.
7

What is a vehicle lease agreement?

A
a membership for access to a series of different vehicles within a certain period
B
a contract to use a vehicle for a specified period in exchange for regular payments
C
an agreement where the vehicle's full value is paid in monthly installments without interest
D
a legal document that immediately transfers vehicle ownership to the person leasing the vehicle

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Buying and Selling Stock Answers…