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What does CAMVAP stand for?

  1. Canadian Automobile Market Value Arbitration Plan

  2. Canadian Automotive Manufacturer's Vehicle Arbitration Plan

  3. Canadian Motor Vehicle Arbitration Plan

  4. Canadian Motor Vehicle Agreement Program

The correct answer is: Canadian Motor Vehicle Arbitration Plan

CAMVAP stands for the Canadian Motor Vehicle Arbitration Plan. This is a program in Canada that provides consumers with a way to resolve disputes with automotive manufacturers without going to court. Option A is incorrect because it includes "Market Value," which is not mentioned in the acronym. Option B is also incorrect because it includes "Manufacturer's," which is not mentioned in the acronym. Option D is incorrect because it includes "Agreement Program," which is not mentioned in the acronym. Therefore, C is the correct answer.