cars and loans

cars and loans

12th Grade

10 Qs

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cars and loans

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Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Timothy Sinclair, Ed.S

Used 10+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most reliable source for buying a used car is usually:

a rental car company

a police auction

a car dealer

private party sales

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ warranty refers to the fact that a product will do what it is designed to do.

An extended

An implied

A dealer

An unexpired manufacturer's

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Truth-in-Lending law requires that borrowers be informed of the:

amount financed

cost of auto insurance

features of an extended warranty

reasons a person has been denied credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The auto insurance coverage for damage to your vehicle as a result of an accident is called:

property damage

comprehensive

liability

collision

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Doctor costs for injuries to others resulting from an accident are covered by _________ liability.

medical

collision

bodily injury

comprehensive

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most used cars sold by private parties have a one-year warranty.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A service contract is designed to avoid costly repairs as a motor vehicle gets older.

True

False

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