Question: Please don’t answer the question if you are not sure about it. Thank you so much.

Question:Hello there, please I have a quiz and I need help.

Please don’t answer the question if you are not sure about it.

Thank you so much.

1- Which of the following is not a step toward purchasing an automobile?

A- Determine affordability

B- Shop for financing

C- Analyze needs versus wants

D- Make a preliminary offer

2- When picking out a car and determining needs versus wants, a person should ask him or herself all of the following questions except:

A- How much cargo do you carry?

B- Do you want a manual or automatic transmission?

C- Do you need two-wheel drive, all-wheel drive, or four-wheel drive?

D- All choices are correct.

3- How much of a down payment do lenders require when purchasing a car?

A- 10%

B- 15%

C- 20%

D- 40%

4- What is the disadvantage of buying a home?

A- The value of your house may increase.

B- Eventually, you will be able to live payment-free.

C- The value of your house may decrease.

D- You will gain equity by paying down your mortgage.

5- What is a mortgage?

A- The legal document used to allow a lender to use real property as collateral

B- The difference between what is owned vs. what is owed

C- The transfer of a lease agreement to a new tenant

D- All of the choices are incorrect.

6- Most lenders require how much of a down payment for a house?

A- 30%

B- 40%

C- 20%

D- No down payment

7- Why might you have to pay private mortgage insurance (PMI)?

A- You had more than three traffic violations in the past year.

B- You put down less than 20% on your home.

C- You live in a high-risk neighborhood.

D- You have a history of defaults.

8- What does HELOC stand for?

A- Health expense license of California

B- Home equity line of credit

C- Home equity liquidation of credit

D- None of the answers are correct.

9- Which is not an early warning sign of financial trouble to come in the future?

A- Not having an emergency fund

B- Paying only the minimum amount of a credit card bill

C- Not having a monthly budget

D- Investing in a 401(k) or a 403(b) plan

10- What is the minimum amount of money you should have in your emergency fund account, and once you have that, what should your next goal be?

A- $750; 3 months’ wages

B- $500; 4 months’ wages

C- $1,000; 6 months’ wages

D- $1,500; 6 months’ wages

11- Which is a way to stop little financial leaks?

A- Cutting coupons

B- Pack your lunch

C- Avoid the malls when bored or depressed

D- All of the choices are correct.

12- To keep yourself from using your credit card, you should

A- destroy it.

B- hide it.

C- leave it at home.

D- keep it in your wallet.

13 – What strategy to help impulse buyers does the book suggest?

A- The “ten-second hold” rule

B- Realistic budget evaluation

C- The “do I need it?” strategy

D- The stop and think strategy

14 – Paying rent, gas, and utilities and buying groceries are examples of what kind of spending?

A- Necessary

B- Non-essential

C- All of the choices are correct.

D- None of the choices are correct.

15 – What is the first step of digging out of debt?

A- Create a realistic budget

B- Make payments on time

C- Stop using credit cards

D- Don’t try to buy stuff you can’t afford

16- When foreclosure is likely, lenders want to

A- get the owner out of the home so they can sell it and make a profit.

B- work with the owner to negotiate payments.

C- sell the home regardless of what the owner thinks.

D- None of the choices are correct.

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more