MATH 116

Appalachian State University

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FINANCIAL LITERACY QUIZ,100% CORRECT
Exam (elaborations) • 12 pages • 2020

1. If you have caused an accident, which type of automobile insurance would cover damage to your own car? a. Term b. Collision c. Comprehensive d. Liability 2. Matt and Eric are young men. Each has a good credit history. They work at the same company and make approximately the same salary. Matt has borrowed $6,000 to take a foreign vacation. Eric has borrowed $6,000 to buy a car. Who is likely to pay the lowest finance charge? a. Matt will pay less because people who travel overseas are bett...