Post-Assessment Quizz

Unit 6: First Major Obligations 1. (Miles driven / mpg) x gas prices = ? a. Miles driven b. Fuel costs c. Car maintenance d. Monthly car loan payment

• Miles driven

• Fuel costs

• Car maintenance

• Monthly car loan payment

Unit 6: First Major Obligations 2. Which of the following is a major cost of vehicle ownership? a. Insurance b. Fuel c. Repairs d. Maintenance e. All of these are correct

• Insurance

• Fuel

• Repairs

• Maintenance

• All of these are correct

Unit 6: First Major Obligations 3. When a person owes more on a car than it is worth, what does that mean? a. Right side up b. Upside down c. Sideways d. Depreciation e. Appreciation

• Right side up

• Upside down

• Sideways

• Depreciation

• Appreciation

Unit 6: First Major Obligations 4. Which of the following maintenance issues is most likely going to be the responsibility of the landlord not the tenant? a. Cleaning when tenant moves out b. Replacing a fridge filter c. Replacing tiles in the kitchen d. Hole in the carpet from the dog e. Changing the lightbulbs

• Cleaning when tenant moves out

• Replacing a fridge filter

• Replacing tiles in the kitchen

• Hole in the carpet from the dog

• Changing the lightbulbs

Unit 6: First Major Obligations 5. Which of the following up-front lease expenses is most likely to not be refunded? a. First month's rent b. Last month's rent c. All of these are correct d. Application fees

• First month's rent

• Last month's rent

• All of these are correct

• Application fees

Unit 7: Insurance 6. How does insurance help consumers? a. Shift financial liability b. Make money c. Provide a service d. Shift financial risk

• Shift financial liability

• Make money

• Provide a service

• Shift financial risk

Unit 7: Insurance 7. Liability Insurance is: a. Pays for injury to another driver and/or damage to their car if you are in an accident b. Pays for non-accident damages c. Covers damage to your vehicle from an accident d. Covers damage to your vehicle if the driver at fault doesn't have minimum insurance requirements

• Pays for injury to another driver and/or damage to their car if you are in an accident

• Pays for non-accident damages

• Covers damage to your vehicle from an accident

• Covers damage to your vehicle if the driver at fault doesn't have minimum insurance requirements

Unit 7: Insurance 8. The agreement of what will be paid by you and what will be paid by insurance is: a. A deductible b. An insurance policy c. An insurance premium d. Co-insurance

• A deductible

• An insurance policy

• An insurance premium

• Co-insurance

Unit 7: Insurance 9. The portion of a claim that a person must pay before her insurance company contributes is called: a. A deductible b. An insurance policy c. An insurance premium d. Co-insurance

• A deductible

• An insurance policy

• An insurance premium

• Co-insurance

Unit 7: Insurance 10. The money paid for an insurance policy is: a. A deductible b. An insurance fee c. An insurance premium d. Co-insurance

• A deductible

• An insurance fee

• An insurance premium

• Co-insurance