Renting vs Buying Quiz

Renting vs Buying Quiz

12th Grade

5 Qs

quiz-placeholder

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Renting vs Buying Quiz

Renting vs Buying Quiz

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Juan Sarabia Parra

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one advantage of renting a house or apartment instead of buying?

Building equity

Stable monthly payments

Flexibility to move

Tax benefits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is typically a cost associated with buying a home?

Security deposit

Property taxes

Monthly rent

Landlord maintenance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you rent a property, who is responsible for repairs and maintenance?

Tenant

Landlord

Homeowner's association

Local government

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a potential disadvantage of buying a house?

Ability to customize and renovate

Fixed monthly payments

Limited mobility

No potential for investment gain

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common factor to consider when deciding between renting and buying?

Your long-term financial goals

The color of the walls

The size of the backyard

The availability of nearby restaurants