Homeownership wk 1

Homeownership wk 1

Assessment

Flashcard

English

11th Grade

Hard

CCSS
RI.11-12.5, RI.11-12.4, RI.4.3

+12

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the definition of ethnicity?

Back

Ethnicity is the quality or fact of belonging to a population group or subgroup made up of people who share a common cultural background or descent.

2.

FLASHCARD QUESTION

Front

What is collateral in the context of loans?

Back

Collateral is something pledged as security for repayment of a loan, to be forfeited in the event of a default.

3.

FLASHCARD QUESTION

Front

What does gentrification refer to?

Back

Gentrification is the process of change in the character of a neighborhood through the influx of more affluent residents (the 'gentry') and investment.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

4.

FLASHCARD QUESTION

Front

What is foreclosure?

Back

Foreclosure is the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

5.

FLASHCARD QUESTION

Front

What are seaboards?

Back

Seaboards refer to a region bordering the sea; the coastline.

Tags

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.9-10.4

6.

FLASHCARD QUESTION

Front

What are the implications of defaulting on a loan?

Back

Defaulting on a loan can lead to the loss of collateral and negatively impact credit scores.

7.

FLASHCARD QUESTION

Front

How does gentrification affect local communities?

Back

Gentrification can lead to increased property values and displacement of long-term residents, altering the social fabric of local communities.

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

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