| A | B |
|---|
| Housing, transportation and food comprises 40% of spending choices for most people. | false |
| A housing rental agreement is a contract. | true |
| Your credit history cannot influence if a landlord will rent a home to you. | false |
| Building equity in a home will increase your net worth. | true |
| Private mortgage insurance protects the contents of a home. | false |
| Automobile insurance rate vary depending on a variety of factors. | true |
| Depreciation decreases the value of an asset associated with the decline in its remaining useful life. | true |
| The current value of an automobile is considered a monetary asset. | false |
| You will pay more over the lifetime of a loan if you have a low interest rate. | false |
| The bigger your down payment, the less you will pay for the total cost of the automobile or house. | true |
| Convenience foods are typically less expensive than ready‐to‐eat foods. | true |
| The average person spends 20% of their income on food. | false |
