NAME

Question types


Start with


Question limit

of 34 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. warranty of merchantability
  2. leasing/ buying a car and the types of loans
  3. liability insurance
  4. premiums for car insurance and deduables
  5. types of people who need life insurance
  1. a if you buy a car from a dealer you have 2 options:
    - traditional lending source
    -dealer financing
  2. b - anyone who supports a family
  3. c - pays for the damages to another vehicle or medical bills if its your fault
  4. d - implies that the product will serve its purpose
  5. e what it will effect the cost:
    - types of coverages and amounts
    -deductibles- the amount you pay out of pocket before your insurance pays the clam
    -type of car
    -personal characteristic
    - driving record
    -location
    -discounts

5 Multiple choice questions

  1. - a product warranty created by the state law, all states have them
    -every purchase you make is covered by Implied/written warranties
  2. there are 6 types:
    -limited coverage: fire, lighting, vandalism
    -basic coverage: falling objects, ice, etc.
    -comprehensive: Everything
    -renters: personal belongings in a condo
    -older homes: cash damages rather then what you paid
  3. - a amount of time you pay for life insurance.(10 yrs)
    -Most common
  4. -the amount you pay for insurance
  5. - brands indicate who the product was manufactured by or for
    -name brands are common household names and are advertised more and are also more expensive
    -store/ generic brands items manufactured for a specific food store. also they are not sold under a store or private label

5 True/False questions

  1. minimum liability limits- pays for the damages to another vehicle or medical bills if its your fault

          

  2. Annual fees- the amount you pay out of pocket before your insurance pays the clam

          

  3. deductibles- a promise by the manufacture/merchant to stand by there product

          

  4. Open ended credit- a loan for a specific amount that must be paid back on or before a agreed date
    -mainly for car/home loans

          

  5. comprehensive insurance- protects your car and the other car in a accident