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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
Sticker price
B
Invoice 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 the next monthly payment.
B
to pay a penalty for early termination.
C
a possible option to buy the vehicle.
D
to pay for vehicle depreciation.
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
Do the research
B
List transportation options
C
Obtain vehicle insurance
D
Set priorities
5) Martin is comparing the book value of several used cars. Which step in meeting transportation needs is this?
A
List transportation options
B
Set priorities
C
Do the research
D
Obtain vehicle insurance
6) A disadvantage of what mode of transportation is the higher rate of accidents than other modes?
A
Public Transit
B
Carpooling
C
Taxicabs
D
Motorcycles
7) An ADVANTAGE of buying a new car instead of a used one is that a new car:
A
has more defects.
B
can be insured at lower costs.
C
offers more choices of features.
D
depreciates more slowly than used cars.
8) Jonny decided to wait for tents to go on sale to purchase his. Which effective shopping practice is his decision to wait?
A
Shop wisely in stores
B
Comparison shop products
C
Comparison shop services
D
Plan before you shop
9) The Home Shopping Network is an example of which type of home shopping?
A
Catalog shopping
B
T-commerce
C
Door-to-door shopping
D
E-commerce
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
E-commerce
B
Catalog shopping
C
T-commerce
D
Door-to-door shopping
*select an answer for all questions
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