Module 98-100 Review Question Preview (ID: 33448)


Module 98-100 Review. TEACHERS: click here for quick copy question ID numbers.

_______ typically get the best gas mileage.
a) SUVs
b) Compact Cars
c) Sports Cars
d) Trucks

_______ insurance covers damage to another vehicle if you have an accident that you cause.
a) Medical payment
b) Comprehensive coverage
c) Property damage liability
d) Uninsured motorist

Proof of _______ is required by most states before you can register a vehicle.
a) auto insurance
b) your ability to pay for a car
c) a checking account
d) all of the above

The safest place to save money for a car is a
a) short-term stock market investment
b) 401(k)
c) savings account
d) 1040EZ

If you live in _______ area, you are less likely to need a car.
a) An urban
b) a suburban
c) a rural
d) None of the above

The _______ is usually the greatest, but not the only expense, to consider when buying a car.
a) interest rate
b) sales tax
c) sticker price, or sale price of the car
d) None of the above

Not paying your car loan payment each month can affect your credit rating for years and may make it difficult for you to secure a loan later in life
a) True
b) False
c)
d)

The only option for getting a loan for a car is a bank.
a) True
b) False
c)
d)

Investing in the stock market is a good way to save for a car.
a) True
b) False
c) .
d) .

The insurance rates for sports cars are usually the
a) lowest
b) highest
c) most reasonable
d) same as compact cars

The more appropriate training you receive, the more you increase your
a) human capital
b) guaranteed income
c) social status
d) debt

What kinds of financial aid are you NOT required to repay?
a) Student loans
b) Personal loans
c) Scholarships
d) Bank loans

The Virginia 529 plan programs allow potential college students to
a) repay student loans
b) choose the best colleges
c) save money for qualified higher education expenses
d) find appropriate scholarships

The best time to start a 529 account is
a) right before college
b) as soon as possible
c) sometime in high school
d) your first year in college

Typically, the least expensive form of post-high school education is a
a) two-year community college
b) private four-year college
c) public four-year college
d) technical college

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