Automobile Travel Is a Way of Life for Many Americans

question 32

Multiple Choice

Automobile travel is a way of life for many Americans who can drive ________ miles or more per year.

• A)25,000
• B)10,000
• C)20,000
• D)15,000

---

Definitions:

Bond Sinking Fund

A financial strategy to set aside funds over time for the eventual repayment of the principal amount of bonds, ensuring the issuer can meet its future obligations.

Asset

An economic resource owned or controlled by a business or an individual that is expected to provide future benefits.

Cost of Retirement

The total expenses incurred when an individual stops working and enters retirement, including living and healthcare costs.