WorksheetsAssessment
Total questions: 12
Worksheet time: 8mins
Name
Class
Date
1.
How can making a larger down payment save you money when purchasing a car?
(Choose two correct answers)
a)
Your monthly payment will be higher
b)
You will pay more interest over the life of the loan
c)
Your monthly payment will be lower
d)
You will pay less interest over the life of the loan
2.
A higher credit score...
a)
Will help you obtain a lower interest rate on an auto loan
b)
Will help you obtain a higher interest rate on an auto loan
c)
Has no impact on the interest rate on an auto loan
3.
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?
a)
MORE
b)
LESS
4.
Which statement most accurately describes the difference between leasing and
owning a vehicle?
a)
Leasing is a term used when you purchase a car for the longest term possible
b)
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
c)
Leasing is a term used when you take the car for an initial test drive
d)
Leasing a car requires a very large down payment, while purchasing a car does not
5.
Comparison shopping is the practice of…
a)
Comparing a product you bought to a similar product a friend bought
b)
Comparing a product you purchased in the past to an updated version of that product
c)
Comparing the prices of two unrelated products before purchasing them
d)
Comparing the price, reviews, and other factors of similar products prior to making a purchasing decision
6.
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.
a)
Price
b)
Quality
c)
Reviews
d)
Quantity
7.
All of the following are potential benefits of comparison shopping EXCEPT…
a)
Finding a product that fits within your budget
b)
Reading a user review that provides insight into the quality of the product
c)
Getting a guaranteed discount that reduces the price by 15% or more
d)
Buying a product that best meets the criteria that are important to you
8.
What is The Giving Pledge?
a)
A proposed wealth tax for the richest Americans
b)
A corporation's commitment to act as a non-profit
c)
An award for some wealthy Americans who donate more than 50% of their wealth
d)
A promise for some wealthy Americans to donate more than 50% of their wealth
9.
Complete the sentence: Compared to 30 years ago…
a)
a lower percentage of donations come from high-income families today
b)
the same percentage of donations come from high-income families today
c)
a higher percentage of donations come from high-income families today
10.
Which answer is the best definition of philanthropy?
a)
A political strategy focused on community and taking care of each other’s needs
b)
A network of tax-exempt religious organizations
c)
Actions that promote the well-being of others, often through monetary donations
d)
Programs such as Americorps where individuals commit to work towards national interests for a set period of time
11.
Which statement about philanthropic giving in the U.S. is true?
a)
The majority of Americans DO donate money to charity
b)
The majority of Americans DO NOT donate money to charity
c)
The average American donates 5% of their disposable income
d)
The average American donates 10% of their disposable income
12.
Extra Credit: What does APR stand for?
4 lines
100 %
