CONSUMER SKILLS TEST
Insurance coverage that pays for an insured person's medical expenses that result from a car accident, regardless of who is at fault.
MEDICAL PAYMENTS COVERAGE
The worth of the car at the end of a lease.
RESIDENTIAL VALUE
Auto dealers, banks, credit unions, and loan associations ___.
B
Insurance that protects insured persons when they are liable for the damage to another person's property is __________.
B
Mass transit is available in most cities ___.
B
New cars typically carry ___ protection on some parts.
B
The type and amount of auto insurance coverage a car owner buys is ____.
B
Which of the following vehicles does not require insurance?
B
Bodily injury liability insurance coverage pays for ____.
C
On a used car, the Buyer's Guide sticker describes _______.
C
Some of the expenses associated with the initial purchase or lease of a car include everything EXCEPT
C
The most desirable form of transportation is ___.
C
When you lease a car
C
Which of the following is NOT a chief advantage of mass transit over other forms of transportation?
C
You can reduce the cost of auto financing by ____.
C
___ requires creditors to provide borrowers with a complete written account of credit terms and costs.
C
The price on which a lease is based.
CAPITALIZED COST
Insurance coverage that pays for damage to your car caused by something other than another vehicle.
COMPREHENSIVE PHYICAL DAMAGE
Requires proof of car insurance prior to the occurrence of an accident.
COMPULSORY AUTO INSURANCE LAW
A cost to consider before purchasing a motorcycle includes _____.
D
A down payment, trade-in allowance, or a rebate may
D
Allows you to rent a car while yours is being repaired.
D
Auto insurance covers ___ you may incur if you are involved in an accident.
D
Before operating your vehicle, _____.
D
How you plan to use a bicycle will help you identify the ___ you will need.
D
Identify the expenses associated with owning or leasing a car.
D
Identify the forms of mass transit from the list below ___.
D
Identify types of two-wheel transportation
D
Part of the final four point check is to
D
The Cycle World Magazine can assist you in selecting a ___.
D
The Internet can provide up-to-the-minute information on
D
The finance contract will state the ___.
D
The length of the repayment period is a factor in determining ___.
D
When buying a used car, it is particularly important to ____.
D
When evaluating an auto dealer, look for ____.
D
When selecting a bicycle, it is important to consider ___.
D
Which of the following is not an advantage of carpooling?
D
The amount of resale value a new car loses as it ages.
DEPRECIATION
If you need to travel from one state to another, the best mode of transportation to utilize is a taxicab.
F
Mass transit is the best mode of transportation, if you are a traveling salesperson.
F
Regardless of your health, anyone can ride a bike or motorcycle.
F
The purchase price is the only cost you really need to seriously consider when buying a car.
F
When purchasing a vehicle, there is only one loan source available to buyers.
F
The cost of auto insurance can depend on the age, sex, and marital status of the individual.
T
The higher your annual percentage rate, the higher interest rate you are paying for your loan.
T
To receive auto warranty benefits, you usually must maintain the car as specified in the owner's manual. 6
T
Two-wheeled transportation offers both pleasure and fitness advantages.
T
Using mass transit can be very time-consuming.
T
When considering transportation choices, you should compare costs, safety, and personal preferences.
T
When selecting a bicycle, it is important to consider gear systems.
T
When selecting a motorcycle, you should consider how you plan to use it.
T
Insurance coverage that pays for injuries caused by a hit-and-run driver.
UNINSURED MOTORIST
Collateral means the creditor will hold the ___ to the car until the loan is paid in full.
A
Come with no additional cost to the car.
A
Many small rural communities ___.
A
Personal injury protection is a type of ___.
A
Underinsured motorist insurance covers the ___.
A
When financing a car, you must pay ___ on the amount borrowed.
A
___ is an inexpensive way of traveling in comparison to cars, it conserves energy, and requires little parking space.
A
_________ offers door to door service with no parking problems and no car owner responsibility.
A
An advantage of buying a used car rather than a new car is the lower price.
T
Auto insurance covers the personal and financial risks you may incur if you are involved in an accident.
T
Car dealerships may require proof of auto insurance before being able to purchase a vehicle.
T
Carpooling is an economical way to transport people coming from and going to the same places around the same time.
T
Finance contracts must include a full description of the car.
T
If you are uncertain about the what size bike you want, you may want to browse at a reputable bike shop.
T
Most buyers borrow part of the purchase price of the car.
T
One of the advantages of using mass transit is that you do not have to worry about finding a parking place.
T