Owning a Home Entails All of the Following Expenses, Except

question 104

Multiple Choice

Owning a home entails all of the following expenses, except

• A) renter's insurance.
• B) property taxes.
• C) maintenance expenses.
• D) lost interest on the down payment and closing costs.

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Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across U.S. states.

Inventory

The complete list of items such as goods, materials, and merchandise that a business holds with the intent to sell.

CPA

Certified Public Accountant, a professional designation given to qualified accountants who have passed a licensing examination in their jurisdiction.

Security Interest

A legal claim on assets which are given to secure a loan and ensure the repayment of debt.