4
QuizMultiple Choice

Managing Risk — Test

Question 4 • Personal Finance

What should insurance decisions be based on?

Answer
A
risk and personal needs
B
price only
C
location only
D
advertisements

Explanation

Insurance decisions should reflect the risks you face and your personal needs, such as the coverage you need and what you can afford. Price, location, or advertisements alone do not provide enough information to choose suitable insurance. The correct choice is risk and personal needs.

AI-written and checked against the verified answer.

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