Unit 4 Test Review

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One of the benefits of home ownership includes —

In order to qualify for a mortgage a loan officer will consider an applicant’s net worth. Which of the following is subtracted from assets to determine net worth?

Which type of bank account is not insured?

Which of the following is not an annual cost of owning a home?

Which investment is considered the most secure in a retirement plan?

Loans that are obtained by offering an asset to guarantee repayment of the loan are considered —

One effect of an increase in the amount of savings in an economy is —

One potential risk from investing in the stock market is the loss of —