Economics CH. 11
Quiz
•
Social Studies
•
12th Grade
•
Medium
WENDY LYNETTE TUCKER
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is the best time to develop good money habits?
now
wait until you graduate from college
anytime is fine
wait until you're on your own to figure it out
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Renting is a good option for some people.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of your take-home pay should you allot for rent?
15%
25%
75%
50%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the best mortgage option if you are buying a house?
20-year VA loan
30-year equity loan
15-year fixed-rate conventional mortgage
30-year fixed rate mortgage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does cost of living mean?
how much of your income is budgeted for rent
average cost of basic goods and services needed to maintain a certain standard of living
level of wealth, comfort, and material goods available
how rich you are when you buy your first home
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Periodic payments to a landlord is called....
down payment
buying a house
renting or leasing
security deposit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When should you stop renting and buy a house?
when you can do it the right way
when you want to become a landlord
when you want to invest in stocks
when you can afford amenities
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