Course: Personal Financial Management

1. How long is a typically used car lease?

A. 5 to 7 years B. 3 to 5 years C. 7 to 10 years D. 2 to 4 years

2. Which of the following is an advantage of homeownership?

A. Deductibility of mortgage interest and tax payments B. Ability to sell a home quickly if you need to move C. A home is a liquid asset D. Necessity of performing home repairs as needed.