Guide to Your Financial Life
WSJ Week #9
Name
Click on one of the letter buttons to select your chosen answer for each question
Negotiating; Student Loans; Renting an Apartment and Buying a Car
1.
A long-term rental agreement sealed with a contract that specifies the terms is called
A
a Franchise
B
a CRTS
C
a Lease*
D
a Use for Hire
2.
With cars, roughly what the dealer paid for the car is called the
A
Invoice Price*
B
Suggested Retail Price
C
Marked-Up Price
D
Dealer Delivery Price
3.
MSRP stands for
A
Manufacturer's Suggested Retail Price*
B
Manufacturer's Suggested Resale Price
C
Manufacturer's Supportable Resale Price
D
Manufacturer's Supportable Retail Price
4.
Car dealers who sell their cars at a set price, eliminating the traditional haggling
process over what you will pay are called
A
No-Haggle Dealers*
B
Strange and Unusual Dealers
C
Set Price Dealers
D
Haggle-Free Dealers
5.
The form a student needs to fill out if they are interested in fiancial arid to help
with college costs is the
A
FAFSA*
B
FICA
C
COBRA
D
ERISA
6.
A side agreement in which you lease your apartment to someone else but still remain
on the lease and responsible for the property is a
A
Partial Lease
B
Stock Lease
C
Sublease*
D
Renters Agreement
7.
An initial cash payment on a large purchase is called a
A
Demonstration of Good Faith
B
Payment to Hold
C
Exclusionary Payment
D
Down Payment*
Copyright 2012 © Gaylen K. Bunker, All rights reserved