Test #61-80
61. A _______ is someone who is familiar with the local housing market.
A)tenant
B)librarian
C)real estate agent
D)homeowner
62. Renting is a wise choice for someone who wants _______.
A)privacy
B)mobility
C)space
D)a large backyard
63. The legal document that defines the conditions of the rental agreement between the tenant and the landlord is called a _______.
A)mortgage
B)security deposit
C)deed
D)lease
64. _______ is the official document transferring ownership of a home from seller to buyer.
A)equity
B)deed
C)fixed-rate mortgage
D)lease
65. The value of the house less the amount still owed on the money borrowed to purchase it is called _______.
A)mortgage
B)equity
C)points
D)renters insurance
66. The most popular type of housing in the United states is the _______.
A)mobile home
B)condominium
C)single-family dwelling
D)duplex
67. A _______ is a person who evaluates a house and land for a buyer.
A)home inspector
B)real estate agent
C)tenant
D)landlord
68. The _______ is the amount that the owner asks for the house.
A)listing price
B)points
C)down payment
D)mortgage
69. A lender may ask a buyer to deposit money in a(n) _______ for paying property taxes.
A)home equity loan
B)escrow account
C)adjustable-rate mortgage
D)deed
70. One of the things a buyer can do to lower the interest rate on a loan is _______.
A)take out a second mortgage
B)obtain a home equity loan
C)have the house appraised
D)pay points
71. Profits that a company reinvests are called _______.
A)dividends
B)retained earnings
C)equity capital
D)common stock
72. _______ is the ability to buy or sell an investment quickly without substantially reducing its value.
A)investment liquidity
B)speculative investment
C)time value of money
D)equity capital
73. When you pay yourself first, you _______.
A)pay your bills before spending money on personal pleasures
B)put money in savings before paying your bills
C)spend money on personal pleasures before paying your bills
D)put your money in high-risk investments in order to have more to spend on yourself
74. A(n) _______ is a type of stock that gives the owner the advantage of receiving cash dividends before common stockholders.
A)corporate bond
B)preferred stock
C)mutual fund
D)equity capital
75. A company's written pledge to repay a specific amount of money, along with interest, is a _______.
A)preferred stock
B)common stock
C)corporate bond
D)government bond
76. A corporation gets its equity capital from _______.
A)the government
B)stockholders
C)the bank
D)the sole proprietor
77. _______ companies usually reinvest their profits rather than pay dividends.
A)international
B)failing
C)sole proprietorship
D)growth
78. _______ is a method of reducing investment risk.
A)speculative investment
B)diversification
C)investment liquidity
D)capital gains
79. Profit from the sale of assets such as stocks, bonds, or real estate is called _______.
A)equity capital
B)tax-exempt income
C)capital gain
D)tax-deferred income
80. A collection of baseball cards would be placed in an investment pyramid chart on _______.
A)Level 1
B)Level 2
C)Level 3
D)Level 4
A)tenant
B)librarian
C)real estate agent
D)homeowner
62. Renting is a wise choice for someone who wants _______.
A)privacy
B)mobility
C)space
D)a large backyard
63. The legal document that defines the conditions of the rental agreement between the tenant and the landlord is called a _______.
A)mortgage
B)security deposit
C)deed
D)lease
64. _______ is the official document transferring ownership of a home from seller to buyer.
A)equity
B)deed
C)fixed-rate mortgage
D)lease
65. The value of the house less the amount still owed on the money borrowed to purchase it is called _______.
A)mortgage
B)equity
C)points
D)renters insurance
66. The most popular type of housing in the United states is the _______.
A)mobile home
B)condominium
C)single-family dwelling
D)duplex
67. A _______ is a person who evaluates a house and land for a buyer.
A)home inspector
B)real estate agent
C)tenant
D)landlord
68. The _______ is the amount that the owner asks for the house.
A)listing price
B)points
C)down payment
D)mortgage
69. A lender may ask a buyer to deposit money in a(n) _______ for paying property taxes.
A)home equity loan
B)escrow account
C)adjustable-rate mortgage
D)deed
70. One of the things a buyer can do to lower the interest rate on a loan is _______.
A)take out a second mortgage
B)obtain a home equity loan
C)have the house appraised
D)pay points
71. Profits that a company reinvests are called _______.
A)dividends
B)retained earnings
C)equity capital
D)common stock
72. _______ is the ability to buy or sell an investment quickly without substantially reducing its value.
A)investment liquidity
B)speculative investment
C)time value of money
D)equity capital
73. When you pay yourself first, you _______.
A)pay your bills before spending money on personal pleasures
B)put money in savings before paying your bills
C)spend money on personal pleasures before paying your bills
D)put your money in high-risk investments in order to have more to spend on yourself
74. A(n) _______ is a type of stock that gives the owner the advantage of receiving cash dividends before common stockholders.
A)corporate bond
B)preferred stock
C)mutual fund
D)equity capital
75. A company's written pledge to repay a specific amount of money, along with interest, is a _______.
A)preferred stock
B)common stock
C)corporate bond
D)government bond
76. A corporation gets its equity capital from _______.
A)the government
B)stockholders
C)the bank
D)the sole proprietor
77. _______ companies usually reinvest their profits rather than pay dividends.
A)international
B)failing
C)sole proprietorship
D)growth
78. _______ is a method of reducing investment risk.
A)speculative investment
B)diversification
C)investment liquidity
D)capital gains
79. Profit from the sale of assets such as stocks, bonds, or real estate is called _______.
A)equity capital
B)tax-exempt income
C)capital gain
D)tax-deferred income
80. A collection of baseball cards would be placed in an investment pyramid chart on _______.
A)Level 1
B)Level 2
C)Level 3
D)Level 4
answers
61. c
62. b 63. d 64. b 65. b 66. c 67. a 68. a 69. b 70. d |
71. b
72. a 73. b 74. b 75. c 76. b 77. d 78. b 79. c 80. d |