Penn Foster 986034 Consumer Math, Part 3 Study Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/penn-foster-986034-consumer-math-part-3-study-guide/
Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE:
Penn Foster Exam Answers TUTORIAL: Includes sample final exam guide with answers for final exam. Individual Assignment: Consumer Math, Part 3 986034 Penn Foster Answers 986034RR 986034 Consumer Math, Part 3 1. _______ health insurance coverage pays for at least part of hospital costs and fees. A. Basic B. Major medical C. PPO D. HMO 2. A share of stock in the Lofty Cheese Company is quoted at 25 1/4. Suppose you hold 30 shares of that stock, which you bought at 20 1/4. If you sell your stock at 25 1/4, which one of the following statements would be true? A. You’ll suffer a loss of $150. B. You’ll make a profit of $15.
C. You’ll suffer a loss of $15. D. You’ll make a profit of $150. 3. In a health insurance policy, a statement that an applicant won’t be covered for a certain preexisting condition is called a/an A. waiting period. B. supplement. C. exclusion. D. major medical coverage. 4. Which of the following is intended primarily to enhance a person’s tax advantage and retirement income? A. Money market fund B. IRA C. Growth fund D. U.S. Savings Bond 5. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Study the car market. B. Test-drive the car. C. Shop around for a car loan. D. Obtain car insurance. 6. Car insurance that pays for your injuries when you’re in an accident in your car is _______. A. comprehensive B. medical C. liability D. collision 7. With _______ insurance, the insured agrees to pay a specific premium each year until death. A. endowment life B. whole-life C. half life D. limited-payment 8. Marlin Davies buys a truck for $28,000. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $27,052 B. $12,005 C. $14,000 D. $14,560 9. The major difference between a calculator and a computer, when performing calculations, is that a A. computer is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is slower but needs less human assistance. D. calculator is faster but needs more human assistance. 10. The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?
A. $500 B. $400 C. $40 D. $50 11. The coverage included in an automobile insurance policy that covers property damage is _______ insurance. A. liability B. term C. major medical D. supplemental 12. Which of the following best describes term life insurance? A. The insured pays the premium until his or her death. B. The insured pays a premium for a specified number of years. C. The insured can borrow or collect the cash value of the policy. D. The insured is covered during his or her entire lifetime. 13. John Gray bought a basic car for $8,250.00, with options that cost $324.00. There’s a 6% sales tax in his state and a combined $50.00 license and registration fee. What was John’s total cost? A. $9,138.44 B. $9,141.44 C. $14,247.00 D. $10,000.00 14. Which one of the following items is an example of software? A. Mouse B. Keyboard C. Word-processing program D. Printer 15. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $5,928.00 B. $3,800.00 C. $5,472.00 D. $4,788.00 16. A master plan is devised for A. emergencies. B. long-range goals. C. investments. D. short-term goals. 17. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. preferred stock B. promissory note C. series EE bond D. mutual fund
18. Which of the following devices imparts ownership in a corporation? A. Bond B. U.S. Treasury Bill C. Savings account D. Stock 19. Lorenzo has a checkbook balance of $118.00. He writes two checks, one for $9.00 and one for $84.25. He then deposits $95.00. Finally, he uses his calculator to determine his new balance. Which one of the following series represents the correct order in which he should press the keys on his calculator? A. .25 = 118 + 9 / 95 B. 95 – 118 + 9 – 84.25 C. 118 – 95 + 84.25 – 9 D. 118 – 9 – 84.25 + 95 20. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You suffered a loss of $75.00. B. You made a profit of $75.00. C. You suffered a loss of $630.00. D. You made a profit of $705.00.