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PF 6.01 & 6.02 Review
Test Description: Personal Finance Review for 6.01 and 6.02
Instructions: Answer all questions to get your test result.
1) Joanna is comparing the estimated value of the make, model, and year for three different used cars. Which type of pricing is this?
A
Invoice price
B
Sticker price
C
Base price
D
Book value
2) When researching cars, John asked about the car\'s acceleration for speed on the highway and going up steep hills. Which factor to consider when buying vehicles is this?
A
Fuel economy
B
Power and performance
C
Comfort and convenience
D
Safety
3) Jordan turned in his leased car before the 36-month lease ends. One condition of this decision is having:
A
to pay for vehicle depreciation.
B
to pay the next monthly payment.
C
to pay a penalty for early termination.
D
a possible option to buy the vehicle.
4) Josh is checking locations of bus stops and possible carpools from the dorm to his internship site. Which step in meeting transportation needs is this?
A
Obtain vehicle insurance
B
Set priorities
C
List transportation options
D
Do the research
5) Martin is comparing the book value of several used cars. Which step in meeting transportation needs is this?
A
Obtain vehicle insurance
B
List transportation options
C
Set priorities
D
Do the research
6) A disadvantage of what mode of transportation is the higher rate of accidents than other modes?
A
Carpooling
B
Motorcycles
C
Taxicabs
D
Public Transit
7) An ADVANTAGE of buying a new car instead of a used one is that a new car:
A
has more defects.
B
offers more choices of features.
C
depreciates more slowly than used cars.
D
can be insured at lower costs.
8) Jonny decided to wait for tents to go on sale to purchase his. Which effective shopping practice is his decision to wait?
A
Comparison shop products
B
Comparison shop services
C
Plan before you shop
D
Shop wisely in stores
9) The Home Shopping Network is an example of which type of home shopping?
A
T-commerce
B
E-commerce
C
Door-to-door shopping
D
Catalog shopping
10) Agreeing to purchase a set of encyclopedias from someone who comes to your home to show them is an example of which type of home shopping?
A
Door-to-door shopping
B
T-commerce
C
E-commerce
D
Catalog shopping
*select an answer for all questions
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