It's best to develop good now instead of waiting until you're on your own to figure it all out.
Personal Finance - CH11: MC Test

Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
Ramsey Seweingyawma
Used 4+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money habits
Diet and exercise plans
Real estate investments
Friendships
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Renting is a great option for many people.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your rent payment should total no more than % of your take-home pay.
50
15
75
25
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you're ready to buy a house, the best option is a .
20-year VA loan
15-year fixed-rate conventional mortgage
30-year equity loan
30-year fixed rate mortgage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does cost of living refer to?
How much of your monthly income is budgeted specifically for your rent or mortgage
The average cost of the basic goods and services needed to maintain a certain standard of living
The level of wealth, comfort, material goods and necessities available to a group of people
How wealthy or poor you are at the time of purchasing your first home
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Making periodic payments to a landlord for the use of their property is called .
Down payment
Buying
Renting or leasing
Security deposit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You should rent until you are able to .
Buy a home the right way
Become a landlord someday
Invest in stocks
Buy amenities
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