Questions from Personal Finance


Q: Summarize what the Affordable Care Act is supposed to accomplish.

Summarize what the Affordable Care Act is supposed to accomplish.

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Q: Who does the ACA impact and who does it not?

Who does the ACA impact and who does it not?

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Q: List three of the 10 essential benefits of all new health care

List three of the 10 essential benefits of all new health care plans.

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Q: Summarize how subsidies reduce the price of insurance premiums under the ACA

Summarize how subsidies reduce the price of insurance premiums under the ACA.

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Q: If you choose a “silver” health insurance plan, how

If you choose a “silver” health insurance plan, how much of your out-of-pocket medical costs will be paid by the plan?

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Q: Distinguish between the dying-too-soon problem and the living

Distinguish between the dying-too-soon problem and the living-too-long problem and the best ways to address each.

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Q: List five types of needs that can be addressed through life insurance

List five types of needs that can be addressed through life insurance.

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Q: Explain why the multiple-of-earnings approach is less accurate

Explain why the multiple-of-earnings approach is less accurate than a needs-based approach to life insurance planning

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Q: Identify periods in a typical person’s life when the need for life

Identify periods in a typical person’s life when the need for life insurance is low and one when it is high.

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Q: James Sprater of Grand Junction, Colorado, has been shopping for

James Sprater of Grand Junction, Colorado, has been shopping for a loan to buy a used car. He wants to borrow $18,000 for four or five years. James’s credit union offers a declining-balance loan at 9....

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