
Renting vs. Owning a Home; Gambling; Taxes; Overall Review
Quiz by Darla McGuire
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Which of these choices is the most applicable to make when you are renting or leasing an apartment?
Landlords have rights, too! Which of the following is NOT a right of the landlord?
You should plan on spending two thirds of your paycheck on rend and household expenses.
What do you call the person or company that is rending an apartment or house to you?
A "rent-to-own" company is the best place to go to furnish your apartment because it is a cheap way to get the expensive goodies you have always wanted.
Your renters insurance deductible is $500. While you were at work someone broke into your home and stole your brand new flat screen television which cost $1,700. You insurance company will pay you the full $1,700.
An eviction notice usually means you have to move out. BUT you do not have to move out until your rental agreement expires.
Which answer is correct regarding subletting?
If you have credit problems you ARE going to pay more in rent or security deposits.
When buying a home, what is one of the first items you need to decide?
What statement below is the MOST correct?
In order to buy a house you are always required to put at least 25% down to get a mortgage.
All mortgage companies are willing to loan anyone money regardless of credit scores.
Mortgage brokers are the ones who bring the home buyers and the lenders together.
If you have enough money for a down payment on a home mortgage, which statement makes the most sense?
You can't save any money because you need every dime to just pay your mortgage and bills. What answer describes your situation?
How much money do people around the world spend on gambling in one year?
Which choice shows people who are less likely to be hurt by gambling?
Which group of people is the least likely to be hurt by gambling?
Probability is defined as a task that cannot be completed.
Why do people keep gambling if they know that the probability of them winning is very low?
When you gamble you need to make sure you always:
You can gamble with which of the following:
There are no online gambling sites which illegally target young people. They would never do that.
Gambling in the long run can never be considered an investment. It is always about losing money, not making money.
People with a serious gambling problem can be identified as people who:
The main goal of gambling companies is to:
"Gamblers fallacy" is the belief that if people keep gambling they will eventually win big.
Taxes normally pay for the following:
Progressive taxation is based on the belief that:
Which tax form is given to me by my employer each tax year to show my earnings and taxes withheld?
You had a part time job that paid you $950 in one tax year. Do you have to file a federal tax return?
A progressive tax is a tax that:
To qualify for a Federal Housing Administration (FHA) loan, a person must generally
A teenage boy has opened a checking account. He is surprised to find that though he is getting a written bank statement each month, he is not getting his cancelled checks returned. The teenage should be aware that the reason cancelled checks are NOT returned is to...
What is meant by an uncollateralized loan?
When a person brings an item to a pawnshop to obtain cash, the transaction is consideredÂ
A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take?
When a person declares bankruptcy that fact will appear on the person's credit report...
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so that Marie could get $25 from Susan's bank account. Marie withdrew $100 instead of the agreed $25. How can Susan get the $75 back?
Identify the background color of the U.S. $5 bill.
The common name for U.S. currency is;
A person complains about how expensive it is to be a cigarette smoker. One of the reasons cigarettes are so expensive it that...
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to have
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the
The cost to use someone else's money for a period of time is called the:
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify theÂ
The term used to describe the ease and speed with which you can convert savings or an investment to cash is:
A bank Certificate of Deposit (CD) is a: