Module 98-100 Review Part 2 Question Preview (ID: 33522)


Module 98-100 Review Part 2. TEACHERS: click here for quick copy question ID numbers.

Tuition covers the cost of
a) books
b) computers and other supplies
c) food and board
d) instruction and some student activities

If you are planning to pursue a professional degree, such as in medicine or law, your best choice for post-high school education is a
a) four-year public or private college
b) community college
c) technical college
d) specialized training program

A two-year college is often the best choice for students who
a) are driven to pursue their degrees as quickly as possible
b) plan to become doctors or lawyers
c) need additional training or exploration
d) want to become high school counselors

______________________ programs allow students to work on campus in order to offset tuition costs.
a) 401(k)
b) Work-study
c) Student loan
d) Scholarship

Scholarships for post-high school education can often be obtained from
a) high schools
b) community organizations, such as a Rotary Club
c) churches
d) all of the above

When you have a mortgage, you own your home.
a) True
b) False
c) .
d) .

A mortgage protects you from foreclosure.
a) True
b) False
c) .
d) .

A down payment is usually required to get a loan to buy a home.
a) True
b) False
c)
d)

If your monthly payment is at the top of the range you can afford, an ARM is a good choice.
a) True
b) False
c)
d)

You can always count on your house increasing in value.
a) True
b) False
c)
d)

Investing in real estate is always a good investment.
a) True
b) False
c)
d)

Defaulting on a loan affects your credit rating.
a) True
b) False
c)
d)

It is always a good idea to buy a house that is a bargain.
a) True
b) False
c)
d)

Homeowners sometimes default because of reasons beyond their control.
a) True
b) False
c)
d)

Most fixed-rate mortgages are issued for 15 or 30 years.
a) True
b) False
c)
d)

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