Which of the Following Is Most Likely to Be an Advantage

question 51

Multiple Choice

Which of the following is most likely to be an advantage of self-driving cars?

• A) Fewer cars will be shared by family members.
• B) More auto loans will be taken.
• C) More insurance policies will be taken.
• D) Fewer accidents will occur.

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Definitions:

Unearned Interest

Interest that has been collected on a loan by the lender but not yet earned, often because the loan may be paid off early.

Estimated Property Taxes

An approximation of the property taxes due on real estate, often used for budgeting or accounting purposes before the actual tax bill is received.

Modified Cash Basis

An accounting method that combines elements of both accrual and cash basis accounting, recording some transactions on an accrual basis and others on a cash basis.