When do you start paying back loans taken out for tuition, according to the material?

6 months after you finish school

Immediately after taking the loan

What is Room & Board typically referred to as?

The price you pay for living in a dorm and eating on campus

The cost of textbooks and supplies

The tuition fees for attending classes

The transportation costs for commuting students

What factors cause the rent to vary?

B) The size of the apartment and geographic area in the U.S.

A) The color of the apartment walls

C) The number of windows in the apartment

How can you lower your rent bill?

A) By paying the rent in advance for the whole year

C) By choosing an apartment far from the city center

D) By negotiating with the building owner every month

What is the purpose of renter's insurance?

To protect your belongings in case of emergency or pay medical bills for guests in case of an injury

To cover the cost of home repairs

To insure your car against theft

How can you lower your renter's insurance bill?

By having fewer belongings to insure

By increasing the number of belongings you insure

By paying the bill annually instead of monthly

By filing more insurance claims

A fancy word for a loan on a house

A type of insurance policy for a house

A monthly utility bill for a house

A government tax on property ownership

When purchasing a house, what does one typically do?

Pay as much as possible upfront and take out a loan on the rest

Take out a loan on the full amount

Lease the house with an option to buy later

Another way to potentially lower your mortgage bill is by:

Refinancing if interest rates are good

Paying twice the amount every other month

Renting out a room in the house

What is an association?

A neighborhood of townhomes where each homeowner pays dues every month.

A group of people with a common interest.

A company that provides home insurance.

What are the association dues typically used for?

Lawn care, snow removal, exterior maintenance, garbage and recycling services, insurance on the exterior of the home, and the water bill.

Interior home repairs and renovations.

Property taxes and mortgage payments.

What does a gas bill typically pay for?

Natural gas for furnaces, fireplaces, stoves, and clothes dryers

Why might the gas bill be higher in winter in colder climates?

Because of increased use of gas for heating

Because of increased use of air conditioning

Because of increased use of electric heaters

Because of increased use of water heaters

Which of the following is a way to lower your gas bill?

Setting the thermostat higher in winter

What does an electric bill typically pay for?

Electricity for air conditioning, lights, and other appliances

Electric bills may be higher in summer in warmer climates because:

People tend to use less electricity

Lights are used less frequently

Which of the following is NOT a way to lower your electric bill according to the material?

Increasing the use of electric heaters

Setting the thermostat higher in summer

What is homeowner's insurance for?

To protect your home and belongings in case of emergency or to pay medical bills for guests in case of an injury

To protect your car in case of an accident

What might you have to do with your garbage and recycling if you live in a rural area?

Separate it into more categories

Have it picked up more frequently

Which of the following can help lower your garbage/recycling bill?

Composting food waste so you can have a smaller garbage bin

Choosing recycling every other week instead of every week

Increasing the amount of garbage you produce

What might a water bill include for those living in a rural area, according to the image?

Paying for city sewage services

Bills, Bills, Bills!

Authored by Rebecca Eddy

English

9th - 12th Grade

CCSS covered

Used 1+ times

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33 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bill?

A written statement of money that you owe for goods or services

A formal declaration made by a legislator

A bird's beak

The amount you pay for car maintenance.

The cost of purchasing a car.

The amount you pay to protect yourself and your car in case of an accident.

The bill for car registration.

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Bills, Bills, Bills!

What is a bill?

What is a bill according to the learning material?

Which of the following is an example of a one-time bill mentioned in the learning material?

Why did the price of phone bills increase drastically?

How can you lower your phone bill?

Which of the following is a way to lower your phone bill?

What is a Car Insurance Bill?

What is the average cost of tuition per semester mentioned in the material?

When do you start paying back loans taken out for tuition, according to the material?

What is Room & Board typically referred to as?

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