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15
×
What is one alternative to owning a car?
answers will vary
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thief
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5
10
15
20
25
×
gift
Win 10 points!
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gift
Win 10 points!
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×
baam
Lose 20 points!
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15
×
Which sentence best describes depreciation?
general increase in prices and fall in the purchasing value
the reduction in the value of an asset over time.
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15
×
Which of the following costs would increase if you had a longer commute to work or school?
Parking fees
Vehicle registration fees
Fuel and Maintenance
Car payments
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eraser
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rocket
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gift
Win 10 points!
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baam
Lose 25 points!
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15
×
Female teen drivers usually pay less car insurance than male teen drivers
False
True
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15
×
All of the following are potential benefits of NOT owning a car EXCEPT:
Opportunities for exercise
shorter commute
Reduced carbon footprint
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15
×
What are some ways you can lower your car insurance as a teen driver?
Answers will vary
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15
×
how are LEASE payments determined?
covers overall maintenance on the vehicle.
covers the depreciation of the vehicle + interest.
covers only the interest on the loan.
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seesaw
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rocket
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gift
Win 25 points!
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banana
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15
×
True or False: From a financial perspective, buying a new car is always better than buying a used car.
True
False
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15
×
Why do teen drivers pay the highest car insurance rates?
answers will vary
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15
×
Which is not a guideline suggested when buying a car?
Buy a car that is at least 5 years old
Pay your for car in cash to avoid paying interest
Only buy cars that are brand new
Be able to save an equal amount to your car payment
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15
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How much is car insurance (full coverage) for a 16-year old driver?
$7,625 a year for full coverage
$1,200 a year for full coverage
$600 a year for full coverage
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