OMVIC Practice Test

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Prepare for the OMVIC Certification Test with practice questions that include hints and detailed explanations. Enhance your learning with flashcards and multiple choice questions. Get ready to pass your OMVIC Test with confidence!

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True or False: Under the Transaction Fee Program, dealers are required to remit $10 for each vehicle sold or leased.

  1. False

  2. True

The correct answer is: True

The Transaction Fee Program is a government initiative that requires dealers to remit a certain amount for every vehicle sold or leased. According to this question, under the program, dealers are required to pay $10 for each vehicle. This statement is true, making B the correct answer. Therefore, A is incorrect because it states the opposite of the given information. It is important to note that this program may have specific requirements or exceptions, but the statement in the question is a general rule that applies to all dealers.

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