Buying vs Renting

Buying vs Renting

9th - 12th Grade

12 Qs

quiz-placeholder

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Buying vs Renting

Buying vs Renting

Assessment

Quiz

Business

9th - 12th Grade

Easy

CCSS
7.RP.A.3

Standards-aligned

Created by

Rob Ambrosino

Used 9+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a basic need? 

Pool
Roof
Bathroom
Kitchen

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A policy that covers a renters personal property against loss by theft, fire, or other hazards. 

Security Deposit
Equity 
Renter's Insurance
Principal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fee that covers the cost of any future damage the renter might cause to the unit. 

Material Resources
Renter's Insurance
Security Deposit
Interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fee the lending institution charges the buyer to borrow the money. 

Principal
Earnest Money
Closing Costs
Interest

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partial payment of cash, at the time of purchase. Usually between 5% and 25% or more of the purchase price. 

Down Payment
Equity
Closing Costs
Interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement below is TRUE?

You will always make more money buying a home than renting.

Renting could help you save money so that you can invest it in stocks.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When renting, the landlord is responsible for property maintenance.

True

False

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