
Study Guide - Unit 5 Housing
Authored by Brandi Dabbs
Mathematics
12th Grade
CCSS covered

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25 questions
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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.9-10.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
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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