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Chapter 11 Housing and Renting

Chapter 11 Housing and Renting

Assessment

Flashcard

others

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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30 questions

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1.

FLASHCARD QUESTION

Front

It's best to develop good ______ now instead of waiting until you're on your own to figure it all out.

Back

money habits

2.

FLASHCARD QUESTION

Front

Renting is a great option for many people.

Back

true

3.

FLASHCARD QUESTION

Front

Your rent payment should total no more than ____% of your take-home pay.

Back

25

4.

FLASHCARD QUESTION

Front

When you're ready to buy a house, the best option is a ______.

Back

15-year fixed-rate conventional mortgage

5.

FLASHCARD QUESTION

Front

What does cost of living refer to?

Back

The average cost of the basic goods and services needed to maintain a certain standard of living.

6.

FLASHCARD QUESTION

Front

Making periodic payments to a landlord for the use of their property is called _____.

Back

renting or leasing

7.

FLASHCARD QUESTION

Front

You should rent until you are able to _____?

Back

buy a home the right way

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