pre - test\n42. this is marie’s checking account register.\nif marie writes a check for $50 at best clothes…
pre - test\n42. this is marie’s checking account register.\nif marie writes a check for $50 at best clothes, what is her new balance?\na. $450\nb. $500\nc. $550\nd. $600\n43. which type of insurance protects a person from loss from lawsuits?\na. liability\nb. casualty\nc. term life\nd. collision\n44. which is the best description of collision coverage in an auto insurance policy?\na. it provides income when the policyholder is unable to work after an accident.\nb. it covers the cost of damage to an auto as a result of fire, theft, or storms.\nc. it covers the cost of property damage or injuries to others caused by the policyholder.\nd. it provides for the repair and replacement of the policyholder’s car if it is damaged in an accident.\n45. suzy backs her car into a metal fence, causing $500 of damage to her car. suzy has an auto insurance policy with a $200 deductible. to get her car fixed, how much will her auto insurance company pay?\na. $0\nb. $200\nc. $300\nd. $500\n46. a whole life insurance policy offers protection:\na. for income when the policyholder is unable to work.\nb. during the lifetime of the insured and builds cash value.\nc. for a specified period of time and does not build cash value.\nd. that is based on the policyholder following a healthy lifestyle.
Answer
Explanation:
Step1: Calculate balance after first withdrawal
The beginning balance is $500 and the first - withdrawal is $100. So the balance after the first withdrawal is $500 - $100=$400.
Step2: Calculate balance after paycheck deposit
After depositing a paycheck of $200, the balance is $400 + $200 = $600.
Step3: Calculate final balance after second withdrawal
After writing a check for $50 at Best Clothes, the new balance is $600 - $50=$550.
Answer:
c. $550
Brief Explanations:
Liability insurance protects against losses from lawsuits as it covers legal claims made against the insured for injury or damage to others.
Answer:
a. liability
Brief Explanations:
Collision coverage in auto - insurance provides for the repair and replacement of the policyholder's car if it is damaged in an accident.
Answer:
d. It provides for the repair and replacement of the policyholder’s car if it is damaged in an accident.
Explanation:
Step1: Understand the concept of deductible
The deductible is the amount the policyholder pays out - of - pocket before the insurance company starts to pay.
Step2: Calculate insurance payment
The damage is $500 and the deductible is $200. The insurance company pays $500 - $200 = $300.
Answer:
c. $300
Brief Explanations:
A whole - life insurance policy offers protection during the lifetime of the insured and builds cash value over time.
Answer:
b. during the lifetime of the insured and builds cash value.