Which of the Following Is a Disadvantage of Renting

question 24

Multiple Choice

Which of the following is a disadvantage of renting?

• A) Renters have fewer responsibilities than home owners.
• B) Tenants cannot take tax deductions for mortgage interest and property taxes.
• C) Renters usually do not have to be concerned with maintenance and repairs.
• D) Taking possession of a rental unit is less expensive than buying a home.
• E) Renting can be more convenient for those who move frequently.

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Definitions:

U.S. Investment

The action or process of allocating resources, typically financial, into investment products or opportunities within the United States, seeking growth or income.

Trade Deficit

A situation in which a country's imports of goods and services exceed its exports, indicating an outflow of domestic currency to foreign markets.

National Saving

The total amount of savings in a country, consisting of both private savings by households and public savings by the government.

Government Budget Deficit

The financial situation where a government's expenditures exceed its revenues, leading to borrowing or debt accumulation.