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ABA CTFA Practice Test - Questions Answers, Page 37

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Question 361

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It's a managed care plan that is similar to a plan that is similar to a PPO but reimburses members only when affiliated providers are used. What is it?

Individual practice association
Individual practice association
Preferred provider organization
Preferred provider organization
Exclusive provider organization
Exclusive provider organization
Point-of-service plan
Point-of-service plan
Suggested answer: C
asked 16/09/2024
Aaron Whitlow
37 questions

Question 362

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____________ is a hybrid form of HMO that allows members to go outside the HMO network for care and reimburses them at a specified percentage of the cost.

Individual practice association
Individual practice association
Preferred provider organization
Preferred provider organization
Exclusive provider organization
Exclusive provider organization
Point-of-service plan
Point-of-service plan
Suggested answer: D
asked 16/09/2024
Steven Moran
37 questions

Question 363

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If you have caused an accident, which type of automobile insurance would cover damage to your own car?

Term
Term
Collision
Collision
Comprehensive
Comprehensive
Liability
Liability
Suggested answer: B
asked 16/09/2024
Mathieu Alingum Nubee
44 questions

Question 364

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Many savings programs are protected by the federal government against loss. Which of the following is Not?

A bond issued by one of the 50 states
A bond issued by one of the 50 states
A U.S. Treasury bond
A U.S. Treasury bond
A U.S. savings bond
A U.S. savings bond
A certificate of deposit at the bank
A certificate of deposit at the bank
Suggested answer: A
asked 16/09/2024
FL Ferdous Attaie
38 questions

Question 365

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Which of the following instruments is NOT typically associated with spending?

Cash
Cash
Credit card
Credit card
Debit card
Debit card
Certificate of deposit
Certificate of deposit
Suggested answer: D
asked 16/09/2024
Edgar Santiago
49 questions

Question 366

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Doug must borrow $12,000 to complete his college education. Which of the following would NOT be likely to reduce the finance charge rate?

If his parents took out an additional mortgage on their house for the loan
If his parents took out an additional mortgage on their house for the loan
If the loan was insured by the federal government
If the loan was insured by the federal government
If he went to a state college rather than a private college
If he went to a state college rather than a private college
If his parents co-signed the loan
If his parents co-signed the loan
Suggested answer: C
asked 16/09/2024
Robert Miletich
51 questions

Question 367

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If you had a savings account at a bank, which of the following would be correct concerning the interest that you would earn on this account?

Sales tax may be charged on the interest that you earn
Sales tax may be charged on the interest that you earn
You cannot earn interest until you pass your 18th birthday
You cannot earn interest until you pass your 18th birthday
Earnings from savings account interest may not be taxed
Earnings from savings account interest may not be taxed
Income tax may be charged on the interest if your income is high enough
Income tax may be charged on the interest if your income is high enough
Suggested answer: D
asked 16/09/2024
Michael Love
31 questions

Question 368

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Under which of the following circumstances would it be financially beneficial to you to borrow money to buy something now and repay it with future income?

When some clothes you like go on sale
When some clothes you like go on sale
When the interest on the loan is greater than the interest you get on your savings
When the interest on the loan is greater than the interest you get on your savings
When you need to buy a car to get a much better paying job
When you need to buy a car to get a much better paying job
When you really need a weeklong vacation
When you really need a weeklong vacation
Suggested answer: C
asked 16/09/2024
Arti Karangiya
37 questions

Question 369

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Retirement income paid by a company is called:

Rents and Profits
Rents and Profits
Social security
Social security
401(k)
401(k)
Pension
Pension
Suggested answer: D
asked 16/09/2024
Brandon Garner
32 questions

Question 370

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Many people put aside money to take care of unexpected expenses. If John and Jenny have money put aside for emergencies, in which of the following forms would it be of LEAST benefit to them if they needed it right away?

Stocks
Stocks
Saving account
Saving account
Invested in a down payment in the house
Invested in a down payment in the house
Checking account
Checking account
Suggested answer: C
asked 16/09/2024
Anil Dagar
40 questions
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