Real Estate and Housing Expenses Quiz

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Questions and Answers

What is a mortgage?

  • A loan used to purchase real estate, with the property itself serving as collateral (correct)
  • To distribute
  • A regular payment made for the use of a home, property, or land
  • Electricity, gas, water, or sewage

What are utilities?

  • Electricity, gas, water, or sewage (correct)
  • A regular payment made for the use of a home, property, or land
  • To distribute
  • A loan used to purchase real estate, with the property itself serving as collateral

What does it mean to allocate?

  • To distribute (correct)
  • Electricity, gas, water, or sewage
  • A regular payment made for the use of a home, property, or land
  • A loan used to purchase real estate, with the property itself serving as collateral

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