Assessment

How can making a larger down payment save you money when purchasing a car? (Choose two correct answers)

• Your monthly payment will be higher
• You will pay more interest over the life of the loan
• Your monthly payment will be lower
• You will pay less interest over the life of the loan

A higher credit score...

• Will help you obtain a lower interest rate on an auto loan
• Will help you obtain a higher interest rate on an auto loan
• Has no impact on the interest rate on an auto loan

A longer term length will make your monthly payment lower and you will pay _______ interest when compared to a shorter term length and higher monthly payment.Your third question?

• MORE
• LESS

Which statement most accurately describes the difference between leasing and owning a vehicle?

• Leasing is a term used when you purchase a car for the longest term possible
• Leasing a car is making monthly payments to use a car for a fixed period of time, but then you return it without owning it
• Leasing is a term used when you take the car for an initial test drive
• Leasing a car requires a very large down payment, while purchasing a car does not

Comparison shopping is the practice of…

• Comparing a product you bought to a similar product a friend bought
• Comparing a product you purchased in the past to an updated version of that product
• Comparing the prices of two unrelated products before purchasing them
• Comparing the price, reviews, and other factors of similar products prior to making a purchasing decision

Sabaa is looking for a new backpack for school. Since her old one ripped after just two months’ of use, she is looking for something sturdy that will last her a while. Sabaa should focus primarily on ________________ when comparison shopping.

• Price
• Quality
• Reviews
• Quantity

All of the following are potential benefits of comparison shopping EXCEPT…

• Finding a product that fits within your budget
• Reading a user review that provides insight into the quality of the product
• Getting a guaranteed discount that reduces the price by 15% or more
• Buying a product that best meets the criteria that are important to you

What is The Giving Pledge?

• A proposed wealth tax for the richest Americans
• A corporation's commitment to act as a non-profit
• An award for some wealthy Americans who donate more than 50% of their wealth
• A promise for some wealthy Americans to donate more than 50% of their wealth

Complete the sentence: Compared to 30 years ago…

• a lower percentage of donations come from high-income families today
• the same percentage of donations come from high-income families today
• a higher percentage of donations come from high-income families today

Which answer is the best definition of philanthropy?

• A political strategy focused on community and taking care of each other’s needs
• A network of tax-exempt religious organizations
• Actions that promote the well-being of others, often through monetary donations
• Programs such as Americorps where individuals commit to work towards national interests for a set period of time