Nearly ____ percent of households headed by persons under age 25 are renters.a.60b.70c.80d.90Question 11Jillian wants to rent an apartment that has monthly rent payments of $850 and requires a $400...

Nearly ____ percent of households headed by persons under age 25 are renters.a.60b.70c.80d.90Question 11Jillian wants to rent an apartment that has monthly rent payments of $850 and requires a $400 security deposit and a $500 damage deposit. In order to move in, Jillian will probably be required to pay $__________.a.$850.b.$1250.c.$1750.d.$2100.Question 12____ has (have) historically been favored by Americans as the most preferable housing alternative.a.Single-family dwellingsb.Condominiumsc.Cooperativesd.Manufactured housingQuestion 13____ rarely appreciate(s) in value.a.Mobile homesb.Condominiumsc.Cooperativesd.Manufactured housingQuestion 14Keeping your documentation for your personal property ______________ is the best option.a.at home.b.in a safe-deposit box.c.with a relative.d.at work.Question 15When comparing buying versus renting comparable housing, renting requires a ____ annual cash flow while buying typically ____ one’s tax liability.a.lower; increasesb.lower; decreasesc.higher; increasesd.higher; decreasesQuestion 16The tax deductible expenses related to home ownership are ________________.a.homeowner’s insurance and property taxes.b.homeowner’s insurance and home improvements.c.home improvements and mortgage interest.d.mortgage interest and property taxes.Question 17To make it possible for consumers to comply with the individual mandate to buy health insurance the Affordable Care Act established ______ run by their states or the federal government.a.health insurance exchangesb.health maintenance organizationsc.Medicaidd.MedicareQuestion 18Under the Affordable Care Act, a health policy that cost 8 percent of your income for premiums or 9.5 percent of family income if obtained through an employer is referred to as _____________.a.Medicare.b.benchmark premium.c.individual shared responsibility fee.d.affordable health insurance.Question 19Which of the following best describes a preexisting condition?a.An exclusionb.Cancer, heart condition, or other serious diseasec.An injury that results from an accidentd.A previously diagnosed medical conditionQuestion 20As a result of the health care reform Patient Protection and Affordable Health Care Act a child may stay on a parent’s health care plan until age ____.a.18.b.21 or graduating from college whichever comes sooner.c.21 or graduating from college whichever comes later.d.26.Question 21Both commercial bank and savings bank accounts are insured by the FDIC through a fund called the ________.a.bank insurance fund.b.deposit insurance fund.c.savings bank insurance fund.d.fiduciary trust fund.Question 22Depositors are the owners of _____________.a.credit unions.b.mutual savings banks.c.savings banks.d.credit unions and mutual savings banks.Question 23Tom and Mindy want to keep $420,000 in cash equivalents that are federally insured. They could accomplish this by _____________.a.investing $170,000 in a money market mutual fund and $250,000 in a federally insured credit union.b.dividing it equally into three different joint accounts in the same federally insured bank.c.dividing it equally into two different joint accounts in two different federally insured savings banks.d.putting $75,000 in two joint accounts in different branches of the same bank.Question 24The Federal Deposit Insurance Corporation (FDIC) currently insures against loss of up to ____ per person in an individual account at any one institution.a.$50,000b.$100,000c.$250,000d.$500,000Question 25Same as cash offers often carry the risk that _________.a.your interest rate will be increased.b.all prior interest will be owed if full payment is not made within the agreed time period.c.you will be insolvent.d.you will lose a tax deduction for the interest owed.Expert AnswerAnonymousanswered this Was this answer helpful? 0 1 5 answersQuestion 10Nearly ____ percent of households headed by persons under age 25 are renters.C. 80Question 11Jillian wants to rent an apartment that has monthly rent payments of $850 and requires a $400 security deposit and a $500 damage deposit. In order to move in, Jillian will probably be required to pay $__________.C.1750 ( Total of rent payment+security deposit+damage deposit)Question 12____ has (have) historically been favored by Americans as the most preferable housing alternative.d.Manufactured housingQuestion 13____ rarely appreciate(s) in value.b.Condominiums14. Keeping your documentation for your personal property ______________ is the best option.b.in a safe-deposit box.