Economics CH. 11

Economics CH. 11

12th Grade

28 Qs

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Economics CH. 11

Economics CH. 11

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

WENDY LYNETTE TUCKER

Used 1+ times

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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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