buying a car

buying a car

12th Grade

10 Qs

quiz-placeholder

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buying a car

buying a car

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

CCSS
8.F.A.2, RI.11-12.5, 6.RP.A.3C

+8

Standards-aligned

Created by

Benjamin Gibson

Used 102+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

APR is...

Annual Percentage Rate

Artificial Petroleum Reserve

Annual Price Reduction

Tags

CCSS.6.RP.A.3C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Having a lower APR could mean that your...

monthly car payment is lower

interest paid is higher

car loan will be over a longer period of time

Tags

CCSS.6.NS.C.7A

CCSS.6.NS.C.7B

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

appreciation

depreciation

inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One advantage to leasing a car is:

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

Wear and tear costs

limits on mileage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Buy a used car

Lease a car

Buy a new car

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all of the following GOOD ADVICE for car purchases...

Always invest more money than your monthly car payment.

Negotiate your car purchse

Test drive your car

Forget extras like heated seats and sunroofs

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