Homeownership wk 1

Fill in the blank: Redlining is a discriminatory practice that prevented people of color from accessing financial services and homeownership in the ________.

• United States

• United Kingdom

• Canada

• Australia

Fill in the blank: Ethnicity is the quality or fact of belonging to a population group or subgroup made up of people who share a common cultural background or ________.

• descent

• language

• religion

• geography

Fill in the blank: Eroded means to gradually destroy or be gradually ________.

• destroyed

• created

• built

• formed

Fill in the blank: Collateral is something pledged as security for repayment of a loan, to be forfeited in the event of a ________.

• default

• payment

• success

• profit

Fill in the blank: Foreclosure is the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage ________.

• payments

• agreements

• contracts

• obligations

Fill in the blank: Metropolitan relates to or denotes a metropolis, often inclusive of its surrounding ________.

• areas

• oceans

• mountains

• deserts

Fill in the blank: Seaboards refer to a region bordering the sea; the ________.

• coastline

• mountains

• desert

• forest

Fill in the blank: Depreciation is a decrease in a home's value over ________.

• time

• distance

• location

• condition

Fill in the blank: Inclusionary is designed or intended to provide equal access to opportunities and resources for people who might otherwise be excluded or marginalized, such as those having physical or intellectual disabilities or belonging to other minority ________.

• groups

• colors

• sizes

• flavors

Fill in the blank: Gentrification is the process of change in the character of a neighborhood through the influx of more affluent residents (the "gentry") and ________.

• investment

• displacement

• renovation

• development