Renting provides consumers the benefit of ______________________.

Trixie is considering renting an apartment. She will need to make a _______________, which the landlord will return 21 days after the end of the rental agreement. She will also need to fill out a _____________________ form.

Select the two best answers.

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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.

The advantages of renting a home are _______________ and _______________.

The advantages of buying a home are _______________ and _______________.

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

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

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

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

Renters are not affected by changing property prices.

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

Which financial transaction is associated with the home rental process?

Ivan wants a new car that costs $40,000. He only has $700 in his savings account and $500 in his checking account. Which financing option should he choose?

Home equity is the difference between the purchase price of the home and its current market price.

The residual value of a leased vehicle is the vehicle's current price.