Ownership vs Renting Quiz

Ownership vs Renting Quiz

12th Grade

10 Qs

quiz-placeholder

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Ownership vs Renting Quiz

Ownership vs Renting Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Leonel Oyervidez

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is typically included in the monthly mortgage payments for owning a home?

Principal only

Interest only

Property taxes only

Principal and interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of renting a house?

Stability

Tax benefits

Lower upfront costs

Potential for appreciation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk associated with owning a house?

Rent increases

Security deposit

Potential for declining property values

Lease flexibility

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a benefit of owning a house?

Potential for appreciation

Freedom to renovate

Rent increases

Stability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does homeowners insurance typically protect against?

Rent increases

Damage from fire, theft, and other covered perils

Lease flexibility

Lower upfront costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an upfront cost associated with owning a vehicle?

Lower monthly payments

Depreciation

Down payment

Warranty coverage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a responsibility of the vehicle owner and not typically covered by a lease?

Gas and maintenance

Lower upfront costs

Warranty coverage

Lower monthly payments

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