Planning for Living and Leisure Expenses

Front

One disadvantage of renting a home is __________________________, which directly affect what the renters can and can’t do in and around the house.

Back

use restrictions

Front

Renting provides consumers the benefit of ______________________.

Back

lower insurance costs

Front

Faylene wants to buy a home. She has looked at the housing market. Now she needs to find a _________________ to become _________________ for a mortgage. By doing so, Mischa will know how much she has to spend on a house. Pick the pair that best fits the blanks.

Back

lender, prequalified

Front

Choose the term matching the statement: A consumer gets a brand new car for half its purchase price.

Back

leasing a vehicle

Front

Choose the term matching the statement: A pipe breaks, but the consumer doesn’t have to fix it.

Back

renting a home

Front

Choose the term matching the statement: A consumer drives a car on a cross-country road trip covering 20,000 miles.

Back

purchasing a vehicle

Front

Choose the term matching the statement: A consumer builds a pool in the backyard.

Back

purchasing a home

Front

Renters are not affected by changing property prices.

Back

True

Front

Renters don’t have to pay for major repairs to the property.

Back

True

Front

Which financial transaction is associated with the home rental process? Options: down payment, closing fee, deposit, taxes, tags and title fees

Back

deposit