RENT OR BUY

RENT OR BUY

11th Grade

12 Qs

quiz-placeholder

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RENT OR BUY

RENT OR BUY

Assessment

Quiz

Specialty

11th Grade

Easy

Created by

Dale Williams

Used 7+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your rent payment should total no more than______ % of your take-home pay.

15

25

40

50

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you're ready to buy a house, the best option is a_________ loan.

ADJUSTABLE RATE MORTGAGE

HIGH INTEREST RATE

FIXED INTEREST RATE

SUPER BOWL

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Renting is a great option for many people (True/False)

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Making periodic payments to a landlord for the use of their property is called________?

GREED

UNFAIR

FISHING

RENT

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does cost of living refer to?

HOW MUCH IT COST TO HAVE A BABY

AMOUNT OF LIVING EXPENSES

THE RATE OF RETURN ON EXERCISE

THE ENERGY IT REQUIRES TO RUN A MACHINE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHAT ARE the money principles?

BUDGET

SAVE

STAY OUT OF DEBT

GIVE

SPEND

GO INTO DEBT

DON'T GIVE ANYTHING

GET CREDIT CARDS

FINANCE NEW CARS

SPEND MORE THAN YOUR MAKE

HAVE DEBT

LIVE WITH YOUR PARENTS

DRY NEW CARS

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You should rent until you are able to_________?

PUT DOWN 20% ON YOUR HOME

TO HOLD DOWN A JOB

PAY FOR A HOME IN CASH

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