In Which of the Following Situations Would You Have to Pay

question 182

Multiple Choice

In which of the following situations would you have to pay additional money when returning a vehicle using an open-end lease?

• A) residual value is less than expected
• B) residual value is more than expected
• C) mileage limits were exceeded
• D) a and c
• E) b and c

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Definitions:

Imports Limit

Restrictions set by a country on the quantity or value of goods that can be imported into the country.

Sugar

A sweet-tasting, soluble carbohydrate used commonly as a sweetener in food and drinks.

National Security

Measures and policies implemented by a nation to protect against threats to its sovereignty, safety, and economic well-being.

Silicon Chips

Small pieces of semiconductor material, typically silicon, used in the manufacturing of electronic circuits and devices.