C11L2

C11L2

12th Grade

11 Qs

quiz-placeholder

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C11L2

C11L2

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Hard

Created by

Aaron Munguia

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Renting is defined as periodic payments (usually monthly) by a tenant to a landlord in return for the use of a ________.

property

vehicle

appliance

tool

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: A Fixed-Rate Mortgage is a mortgage with a set interest rate for a set number of ________.

years

months

days

weeks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Mortgage Principal is the amount ________ (that has to be paid back) to purchase a home.

borrowed

saved

earned

invested

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Renting means you pay an agreed-upon price to transfer ownership of a property from the seller to yourself.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owning a home differs from renting in which of the following ways?

Owners build equity, renters do not.

Renters pay property taxes, owners do not.

Owners have no maintenance responsibilities, renters do.

Renters can sell the property, owners cannot.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the passage, what is sometimes needed instead of rushing to buy a home?

More money

Patience

A bigger house

A new job

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is renting always the cheaper option compared to owning a home?

Yes

No

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