ISB535

The most commonly considered factor when selecting a home is the

• size of the home.

• condition of the home.

• location of the home.

• local zoning laws.

• current interest rates

Renting would be most appropriate for people who:

• want to reduce their taxes.

• have difficulty establishing credit.

• have limited funds currently available.

• enjoy remodeling their residence.

• desire the financial benefits of increased equity.

Credit is an arrangement to receive cash, goods, or services now and pay for them in the future.

• TRUE

• FALSE

Although credit allows more immediate satisfactory of needs and desires, it does not increase total purchasing power.

• TRUE

• FALSE

In a closed-end credit, loans are made on a continuous basis and you make at least partial payment.

• TRUE

• FALSE

Using a credit card, such as Visa or MasterCard, is an example of closed-end credit.

• TRUE

• FALSE

Debit cards are often called bank cards, ATM cards, cash cards, and check cards.

• TRUE

• FALSE

Credit when effectively used, can help you have more and enjoy more.

• TRUE

• FALSE

Consumer credit is based on trust in people's ability and willingness to pay bills when due.

• TRUE

• FALSE

Which of the following is an advantage to renting?

• Unrestricted lifestyle

• Tax benefits

• Fewer responsibilities

• An ability to build equity

• Increased equity