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Question 1 of 10
1. Question
Which of the following statement is not true regad=rding the saving bonds?
Correct
The interest earned on savings bonds is not taxable at the state and local levels, but it is subject to federal tax.
Incorrect
The interest earned on savings bonds is not taxable at the state and local levels, but it is subject to federal tax.
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Question 2 of 10
2. Question
Which of the following statement is true regarding the CollegeSure CD?
Correct
The annual interest for a CD of this kind is calculated on the basis of the Independent College 500 Index.
Incorrect
The annual interest for a CD of this kind is calculated on the basis of the Independent College 500 Index.
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Question 3 of 10
3. Question
Which of the following risks has the potential for both gain and loss?
Correct
A speculative risk, has the potential for both gain and loss.
Incorrect
A speculative risk, has the potential for both gain and loss.
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Question 4 of 10
4. Question
Which of the following statement is true regarding pure risk?
Correct
A pure risk has only two possible results: loss or no loss.
Incorrect
A pure risk has only two possible results: loss or no loss.
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Question 5 of 10
5. Question
Which of the following statement best defines the term risk control?
Correct
Risk control is the process of minimizing losses.
Incorrect
Risk control is the process of minimizing losses.
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Question 6 of 10
6. Question
Which of the following statement best defines the term risk financing?
Correct
Risk financing is the process of developing the means to pay for losses.
Incorrect
Risk financing is the process of developing the means to pay for losses.
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Question 7 of 10
7. Question
Which of the following statement best defines the term mortality?
Correct
Mortality is the rate at which a population dies.
Incorrect
Mortality is the rate at which a population dies.
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Question 8 of 10
8. Question
Which of the following statement best defines the term morbidity?
Correct
Morbidity is the likelihood of disability.
Incorrect
Morbidity is the likelihood of disability.
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Question 9 of 10
9. Question
How insurance companies set the insurance rates?
Correct
Insurance companies use the mortality and morbidity rates of certain populations to set insurance rates.
Incorrect
Insurance companies use the mortality and morbidity rates of certain populations to set insurance rates.
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Question 10 of 10
10. Question
Which of the following statement is true regarding blue-chip stocks?
Correct
Blue-chip stocks are those that are highly regarded for investment. Blue-chip stocks will consistently pay dividends.
Incorrect
Blue-chip stocks are those that are highly regarded for investment. Blue-chip stocks will consistently pay dividends.