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buying a car

buying a car

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

APR is...

Back

Annual Percentage Rate

2.

FLASHCARD QUESTION

Front

Having a lower APR could mean that your...

Back

monthly car payment is lower

3.

FLASHCARD QUESTION

Front

a reduction in the value of an asset over time is called

Back

depreciation

4.

FLASHCARD QUESTION

Front

One advantage to leasing a car is: You can drive nicer vehicles and have up-to-date features.

Back

You can drive nicer vehicles and have up-to-date features.

5.

FLASHCARD QUESTION

Front

You're likely to save more money in the long run if you...

Back

Buy a used car

6.

FLASHCARD QUESTION

Front

Which is a better financial choice for getting a car loan? 5% down-payment and term of 6 years. 20% down-payment for a term of 4 years

Back

20% down-payment for a term of 4 years

7.

FLASHCARD QUESTION

Front

The manufacturer's suggested retail price, or the price that car builders say the car should be sold at.

Back

MSRP

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