
True or false statements
Authored by Rebecca Robati-Busby
Other
1st - 3rd Grade
Used 10+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An advantage of home ownership is that, once the mortgage has been paid off, you will not need to spend any more money on your house.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Renting can be a good option for people who need to frequently move to different parts of the country for work reasons.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you buy a house and then later sell it, you will make a profit from the sale. In comparison, you never make a profit when you rent the house you live in.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the disadvantages of renting is that you are responsible for all repairs and maintenance on the property, which can be expensive.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Home ownership can be thought of as a way of saving for retirement.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An advantage of renting is that rent prices are often lower than mortgage payments. In addition, if you get into financial difficulty, it is easier to organise a cheaper place to live.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Using a mortgage to help buy a home is often better than saving to buy a house without debt. This is because property prices usually increase, meaning your savings goal would also need to increase over time.
True
False
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