Unit 7/ Major Purchases Review

Unit 7/ Major Purchases Review

11th - 12th Grade

10 Qs

quiz-placeholder

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Unit 7/ Major Purchases Review

Unit 7/ Major Purchases Review

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Haley Hesselberg

Used 29+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage to buying a used car over a new car?

Less miles

More maintenance after purchase

Less depreciation after purchase

More expensive

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you lease a car, you are paying for...

the depreciation of the vehicle + interest.

only the interest on the loan.

overall maintenance on the vehicle.

principal on the loan + interest.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a security deposit?

It serves as a agreement to allow the tenant to use a property for an extended period of time

It is filled out by potential tenant which helps landlord determine if they will accept or deny the candidate

It is how landlords remove tenants for lease infractions

It is how landlords ensure that the property is cared for and that rent is paid

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT an advantage to renting?

It is easier to move

Living expenses are generally lower

You are not responsible for maintenance

You are building equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T / F: Buying a home is always more beneficial than renting a living space.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T / F: When budgeting for a vehicle only consider the cost of the monthly loan or lease payment.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the the following sites could you utilize to find a fair price for a vehicle?

kbb.com

carfax.com

bbb.com

craigslist.com

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