C11L2
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
Aaron Munguia
FREE Resource
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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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