Personal Finance 12th Edition by E. Thomas Garman – Test Bank

Test Bank For Personal Finance 12th Edition by E. Thomas Garman

Personal Finance 12th Edition offers a comprehensive and student-friendly approach to personal financial management. Through a structured, step-by-step methodology, this leading textbook helps students learn about saving and investing, managing student loans, filing taxes, reducing credit card debt, and planning for the future. Real-life scenarios covering various financial challenges enable students to grasp the relevance of key concepts, with practical advice from personal finance experts to help them apply these concepts in their own lives. Numerous math-based examples clearly illustrate the crucial importance of achieving long-term financial goals through investing. Building on the success of previous editions, the new Twelfth Edition continues to engage students and focus their attention on essential concepts they need to excel in class and manage their finances wisely for a lifetime.

Overview

1. The Most Obvious Health Related Financial Loss Is The Need For Income Replacement When One Is Unable To Work.
A. True
B. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy

2. Less Than 50 Percent Of People Are Covered By Some Type Of Personal Or Government Health Care Plan.
A. True
B. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate

3. The Official Name Of The 2010 Health Insurance Reform Law Is Obamacare.
A. True
B. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy

4. It Is Becoming Increasingly Common For Health Care Plans To Provide Lower Costs To Individuals With A Healthy Lifestyle.
A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy

5. The USA Spends A Higher Share Of Its Gross Domestic Product Than Any Other Country.
A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy

6. Young Adults May Stay On a Parent’s Health Care Plans Until Age 22 Or Graduating From College Whichever Comes First.
A. True
B. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
They May Stay On a Parent’s Plan Until Age 26 Regardless Of Whether They Are In College Or Not

7. A Group Health Care Plan Is Sold Together To An Entire Group Of People Rather Than Individuals.
A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy

8. Medicare Is Not The Only Federal Health Care Program Currently In Place.
A. True
B. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
The Medicaid Program Is Available.

9. Choosing Your Medicare Plan Through A Private Company That Combines Medicare Parts A And B Into One Plan Called A Medicare Advantage Plan Can Expand Health Care Benefits.
A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate

10. Medicare (Part B) Requires A Monthly Premium For Coverage.
A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate

Frequently Asked Questions (FAQs):
Q: Can I access the test bank online?
A: Test banks are usually available for online access and download.

Q: Are the answers provided for each question in the test bank?
A: Yes, the test bank includes answers and explanations for each question.

Q: How can I purchase the test bank for Personal Finance 12th Edition?
A: You can purchase the test bank for Personal Finance 12th Edition through various online platforms or directly from the publisher.

Conclusion:
Personal Finance 12th Edition Test Bank is a valuable resource for students studying personal financial management. With its practical approach and real-life examples, this test bank helps students understand important concepts and apply them to their own financial situations. Whether you are preparing for exams or seeking a deeper understanding of personal finance, this test bank is an essential tool for success.