Search Header Logo

Standard 6: Consumer Spending

Authored by Brian Schmalbeck

Business

11th Grade

Used 29+ times

Standard 6: Consumer Spending
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If you buy a new car for $40,000 and it depreciates 25% the first year and 17.5% the second year, what is your car worth at the end of the second year?

$26,250

$24,750

$30,000

$23,000

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How much does a new car depreciate in the first year?

25%

10%

30%

17.50%

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How much should you spend on a car?

You are OK spending 20-30% of your paycheck

Less than 15-20% of your paycheck

Less than 6-10% of your paycheck

No more than 5% of your paycheck

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Karina was thinking about buying a new car and asked you what the biggest cost would be? Since you aced finance class, you tell her the biggest cost is?

Depreciation

Fuel

Interest

Insurance

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of vehicle would typically have higher repair costs on a yearly basis?

Certified Pre-owned car (owned)

Used car (owned)

New car (leased)

New car (owned)

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When buying a new car, you typically have higher

Maintenance costs

Fuel costs

Depreciation (indirect cost)

Repair costs

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is often better to rent instead of buying a home when you only plan living there for?

3 yrs or less

4-5 years

6-7 yrs

It is always better to buy a home instead of renting

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?