Buying or Renting Test

Buying or Renting Test

11th - 12th Grade

20 Qs

quiz-placeholder

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Buying or Renting Test

Buying or Renting Test

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

SCOTT BIRCHLER

Used 171+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written estimate of the value of something.

Closing

Cost

Appraisal

Deed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maximum amount of money that can be loaned to you

Credit Report

Credit Limit

Credit Card

Credit Score

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A standardized way of showing you the total cost of borrowing money.

Annual Percentage Rate (APR)

Credit Limit

Equity

Default

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The delivery of a deed, financial adjustments, the signing of a note, and the disbursement of the funds necessary to consummate, or close, the sale or loan transaction.

Deed

Default

APR

Closing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A record of your personal credit history.

Credit Card

Credit Report

Credit Score

Closing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between how much your property is worth and how much you still owe on your mortgage

Mortgage

Deed

Closing

Equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The failure to make payments on a timely basis or in accordance with the terms of your promissory note.

Equity

Deed

Default

Eviction

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