Multiple Choice Questions

A _________ is generally considered an appreciating asset because it may _________ in value over time.
  • greater; higher
  • house; increase
  • The total cost of the home
  • Purchasing homeowner's insurance
All of the following components are commonly found in rental housing agreements EXCEPT:
  • An owner has complete responsibility and control over the property.
  • Purchasing homeowner's insurance
  • The car can be resold later to make some money back
  • What type of renter's insurance the renter must buy
Which combination of factors would result in the lowest monthly mortgage payment?
  • Small down payment, a shorter term loan, and small interest rate
  • What type of renter's insurance the renter must buy
  • An owner has complete responsibility and control over the property.
  • The car can be resold later to make some money back
The biggest factor in determining the price of a mortgage is:
  • What type of renter's insurance the renter must buy
  • The total cost of the home
  • The car can be resold later to make some money back
  • Purchasing homeowner's insurance
Someone may choose to own a car instead of leasing because:
  • The car can be resold later to make some money back
  • What type of renter's insurance the renter must buy
  • An owner has complete responsibility and control over the property.
  • The total cost of the home
Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What's the best transportation option for Jim?
  • Utilizing his saving as a down payment and buying the car using an auto loan.
  • What type of renter's insurance the renter must buy
  • Small down payment, a shorter term loan, and small interest rate
  • An owner has complete responsibility and control over the property.
Select the statement that is NOT a component of a standard housing lease.
  • Purchasing homeowner's insurance
  • The car can be resold later to make some money back
  • The total cost of the home
  • What type of renter's insurance the renter must buy
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Multiple Choice Questions
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