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Housing and Financial Decisions

Authored by Wayground Content

Financial Education

11th Grade

Used 15+ times

Housing and Financial Decisions
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When listing priorities for housing, the most important criterion to consider is location.

Location is the most important criterion for housing.

Price is the most important criterion for housing.

Size of the property is the most important criterion for housing.

Amenities available are the most important criterion for housing.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Finding the right house can be challenging due to the high percentage of ______ in your purchase.

Income

Expenses

Savings

Debt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Selecting the location you want to live for the remainder of your life is not the best advice when choosing a place to live.

Long-term location selection may not be the best advice.

Choosing a location based on current trends is always wise.

Selecting a place based on family history is the best approach.

Living in a location for a short time is always preferable.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Apartments are frequently a high risk for theft. ______ provides additional security to protect your property.

Homeowner's insurance

Renter's insurance

Property management services

Security alarms

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Renting is often the least expensive housing option. A disadvantage is that it is not always a set monthly expense.

Renting can be less expensive but may not have fixed costs.

Renting always has fixed monthly costs.

Renting is the most expensive housing option.

Renting is only available in urban areas.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Renting is preferred by most people because the costs are fixed.

Fixed costs make renting a preferred option for many.

Renting is always cheaper than buying a home.

Most people prefer to own their homes rather than rent.

Renting has no associated costs.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Homeownership usually gains ______ over time.

Value

Debt

Depreciation

Interest

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