MCQ Questions
Q.1.
A _________ is generally considered an appreciating asset because it may _________ in value over time.
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    greater; higher
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    house; increase
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    The total cost of the home
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    Purchasing homeowner's insurance
Q.2.
All of the following components are commonly found in rental housing agreements EXCEPT:
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    An owner has complete responsibility and control over the property.
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    Purchasing homeowner's insurance
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    The car can be resold later to make some money back
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    What type of renter's insurance the renter must buy
Q.3.
Which combination of factors would result in the lowest monthly mortgage payment?
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    Small down payment, a shorter term loan, and small interest rate
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    What type of renter's insurance the renter must buy
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    An owner has complete responsibility and control over the property.
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    The car can be resold later to make some money back
Q.4.
The biggest factor in determining the price of a mortgage is:
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    What type of renter's insurance the renter must buy
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    The total cost of the home
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    The car can be resold later to make some money back
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    Purchasing homeowner's insurance
Q.5.
Someone may choose to own a car instead of leasing because:
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    The car can be resold later to make some money back
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    What type of renter's insurance the renter must buy
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    An owner has complete responsibility and control over the property.
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    The total cost of the home
Q.6.
Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What's the best transportation option for Jim?
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    Utilizing his saving as a down payment and buying the car using an auto loan.
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    What type of renter's insurance the renter must buy
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    Small down payment, a shorter term loan, and small interest rate
  • 0%
    An owner has complete responsibility and control over the property.
Q.7.
Select the statement that is NOT a component of a standard housing lease.
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    Purchasing homeowner's insurance
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    The car can be resold later to make some money back
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    The total cost of the home
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    What type of renter's insurance the renter must buy