____ Can pay off a loan balance when regular insurance is insufficient to pay
off a car loan balance if the car is totaled - ANSWER GAP insurance
Which of the following ratios helps someone see if he can afford to make
payment on a new loan - ANSWER debt-to-income ratio
The _______ helps a person determine how much he will pay to use a product -
ANSWER cost-per-use calculation
Which of the following is true about leasing a vehicle - ANSWER The
monthly payments are usually less than loan payments
Leasing works best for ______ - ANSWER people who want to drive a new
car every 2-3 years
Virtually all products sold by merchants have - ANSWER implied warranties
A product sold as is has no - ANSWER warranty of any type
What are the three key factors that will impact how much someone pays for a
vehicle - ANSWER purchase price, trade-in value, interest rate
Carlos bought a television from a local box store. When he took it home and
tried to turn it on, it did not work. A good place for him to start with a complaint
would be at - ANSWER the store where it was purchased
Which of the following allows consumers to cancel certain sales within three
days - ANSWER The cooling-off rule
A client on a fixed income should have an annual salary of ______ times her
monthly rent - ANSWER 40
A client with variable income should spend no more than ____ percent of his
average monthly income on rent - ANSWER 35
off a car loan balance if the car is totaled - ANSWER GAP insurance
Which of the following ratios helps someone see if he can afford to make
payment on a new loan - ANSWER debt-to-income ratio
The _______ helps a person determine how much he will pay to use a product -
ANSWER cost-per-use calculation
Which of the following is true about leasing a vehicle - ANSWER The
monthly payments are usually less than loan payments
Leasing works best for ______ - ANSWER people who want to drive a new
car every 2-3 years
Virtually all products sold by merchants have - ANSWER implied warranties
A product sold as is has no - ANSWER warranty of any type
What are the three key factors that will impact how much someone pays for a
vehicle - ANSWER purchase price, trade-in value, interest rate
Carlos bought a television from a local box store. When he took it home and
tried to turn it on, it did not work. A good place for him to start with a complaint
would be at - ANSWER the store where it was purchased
Which of the following allows consumers to cancel certain sales within three
days - ANSWER The cooling-off rule
A client on a fixed income should have an annual salary of ______ times her
monthly rent - ANSWER 40
A client with variable income should spend no more than ____ percent of his
average monthly income on rent - ANSWER 35
