Cars, Renting, Homes, Credit Cards

Cars, Renting, Homes, Credit Cards

11th Grade

36 Qs

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Cars, Renting, Homes, Credit Cards

Cars, Renting, Homes, Credit Cards

Assessment

Quiz

Other

11th Grade

Medium

Created by

Eric Strandberg

Used 31+ times

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36 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Many financial advisors suggest not buying a brand new car unless you have a net worth of:

$75,000

$250,000

$500,000

$1,000,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following automobile financing methods was NOT discussed in class?

Buying New

Leasing

Buying Used

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of buying a brand new car might be:

Lower down payment

Fewer repair bills

Less depreciation

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A disadvantage of buying a brand new car might be:

Lower down payment

Few repair bills

Greater depreciation

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of leasing a car might be:

Lower down payment

Lower monthly payment

Fewer repair bills

All of the above

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A disadvantage of leasing a car might be:

Lower monthly payment

Fewer repair bills

Lower down payment

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A disadvantage of buying a used car might be:

Lower down payment

Increased repair bills

Shorter loan term

None of the above

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