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Ch.5 Acquiring Housing TEST

Authored by Janice Kramer

Specialty

10th Grade

Used 1+ times

Ch.5 Acquiring Housing TEST
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Acquiring housing is divided into two parts. What are they

Process and acquisition
Process and cost
Mortgage and security deposit
Cost and interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

In housing, the way you acquire housing is:

process
mortgage
cost
lease

3.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

There are often extra fees involved if you pay with:

Cash
Credit card

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

All of the following are costs involved in acquiring housing, EXCEPT:

Rent or mortgage
Utilities like electric and water
Home maintenance
Car payment

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

More than _____ of all U.S. residents rent their home.

one-fourth
one- third
one-half
two-thirds

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

All of the following are advantages of renting, EXCEPT:

Tax benefit
Generally costs less than buying
Usually move more easily
Total housing costs are clearer

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

All of the following are disadvantages of renting, EXCEPT:

No investment in or from property
Monthly payment can increase frequently
Little responsibility for maintenance
Possibility of eviction

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