Fin Lit: Independent Living
Quiz
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+11
Standards-aligned

Martina Taylor
FREE Resource
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A lease is a written agreement between a bank and a borrower.
True
False
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
According to financial experts, a renter should allow no more than _____% of their gross income for rent.
3.
DROPDOWN QUESTION
1 min • 1 pt
Front-end ratio is the ratio of monthly (a) to monthly (b) and is expected to be less than (c) .
4.
DROPDOWN QUESTION
1 min • 1 pt
Back-end ratio is the ratio of monthly (a) to monthly (b) and is expected to be less than (c) .
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Aja made a 20% down payment on a house and was selling for $185,000. Therefore, she should expect her closing costs to be about $3,700 to _________.
Tags
CCSS.6.RP.A.3B
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The Jacksons sublet their summer cottage during the winter and spring months. For each month they receive 72% of their monthly mortgage of $1,750. How much do the Jacksons earn for the six-month period?
7.
MATCH QUESTION
1 min • 1 pt
Match each description with the best term.
condominium
Occupants are investors who own shares in the entire property and not individual units.
co-op
Occupants individually own both the home and the land.
landominium
Occupants jointly own the common parts of the property and individually own their own units.
rental unit
Occupants pay monthly housing fee to the landlord who owns the property.
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