Which of the Following Statements About Insurance Is Not True

question 63

Multiple Choice

Which of the following statements about insurance is not true?

• A) It protects you from events that could reduce your wealth.
• B) Money used to buy insurance is not available for investing.
• C) You cannot have too much insurance.
• D) All of the above are true about insurance.

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Definitions:

WAIS-III

The Wechsler Adult Intelligence Scale-Third Edition, a commonly used test for assessing adult and adolescent intelligence.

WISC-IV

An abbreviation for the Wechsler Intelligence Scale for Children - Fourth Edition, a widely used test designed to measure the intelligence of children ages 6 to 16.

Creativity

The capacity to generate unique and novel concepts, or to create something innovative or creative.

Intelligence

The ability to learn, understand, and apply knowledge, to think abstractly, and to solve problems.