Study Guide - Unit 5 Housing

Study Guide - Unit 5 Housing

12th Grade

25 Qs

quiz-placeholder

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Study Guide - Unit 5 Housing

Study Guide - Unit 5 Housing

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Hard

CCSS
RI.11-12.5, 7.RP.A.3, RL.11-12.9

+26

Standards-aligned

Created by

Brandi Dabbs

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buying a home achieves which two financial goals at the same time?

Providing a place to live, bringing you great happiness

Providing a place to live, investing for the future

Providing a place to live, paying off your consumer debt

Providing a place to live, paying for your college expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money that a lender makes by loaning money to a borrower is called

principle

down payment

interest

credit

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a credit card is maxed out that means ....

You are utilizing 100% of the credit

It has been swiped too many times

You are in collections

You win a prize

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are advantages of renting EXCEPT:

You don't need to save a huge down payment

You are not responsible for maintenance and repair of the property

You have equity in the house

You have flexibility to move more often

Tags

CCSS.RL.11-12.9

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you save towards buying a house and put down is called a(n) …

investment

lease

interest

down payment

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is impacted by your credit score?

Cost of a house you want to buy

Nothing. Credit score doesn't matter when buying a house.

Interest rate offered to you

Your down payment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much money should you put towards your home's down payment?

10 - 20% of the price of the home

Your entire emergency fund

Three times your monthly expenses

Five years' worth of payments

Tags

CCSS.7.RP.A.3

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