Personal Finance Quarter 4 Common Assessment
Authored by Hector Mendoza
Business
12th Grade
Used 9+ times
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44 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
True or False. When financing a car, you can only put down a 20% down payment.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
True or False. Interest on a loan is usually expressed as a percentage.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
True or False. When purchasing a car, having a poor credit score would NOT impact the interest rate of a loan.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
True or False. With car ownership, a periodic expense could be getting new brakes.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
True or False. If you are ever involved in a car accident, you only need to file a police report if the accident was involves more than two cars.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
True or False. Not making loan payments on time will bring down your credit score.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
True or False. It is better to lease a car than purchase one.
True
False
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