If You Default on Your Automobile Loan

question 88

Multiple Choice

If you default on your automobile loan,

• A)an advance notice to you is required before your car is repossessed.
• B)no advance notice is required before repossession.
• C)the federal consumer credit laws give you protection.
• D)you don't have to pay the full balance due on the loan.
• E)the creditor pays the towing and storage costs.

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Definitions:

Dosage Interval

The time between doses of a medication, critical for maintaining the therapeutic level of the drug in the bloodstream.

Drug Half-life

The drug half-life is the time required for the concentration of a drug in the body to be reduced by half, reflecting the drug's duration of action.

Drug Potency

A measure of drug activity expressed in terms of the amount required to produce an effect of given intensity.

Maximum Level

The highest allowable or achievable level within a specified context.