You are interested in renting an apartment after graduating college. You meet with the landlord, complete the application and after checking your credit background and references, the landlord approves your application. In most cases, you will need to provide the landlord with ..... at the time you sign the lease in order to get the apartment.

BUDGETING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

You are interested in renting an apartment after graduating college. You meet with the landlord, complete the application and after checking your credit background and references, the landlord approves your application. In most cases, you will need to provide the landlord with ____ at the time you sign the lease in order to get the apartment.

A	First month’s rent
B	First and last month’s rent
C	$1, 000 security deposit to cover any damages to the apartment
D	First and last month’s rent + a security deposit to cover any damages to the apartment

Explanation:

Detailed explanation-1: -Which of these costs would be the MOST difficult to adjust if you were looking to reduce your expenses? Money that is earned from work, investments, business, etc.

Detailed explanation-2: -Interest is the monetary charge for borrowing money-generally expressed as a percentage, such as an annual percentage rate (APR). Interest may be earned by lenders for the use of their funds or paid by borrowers for the use of those funds.

Detailed explanation-3: -Credit refers to any form of deferred payment, the granting of a loan and the creation of debt.

Detailed explanation-4: -Variable expenses include such things as groceries, gas for your vehicle, utilities, entertainment expenses, and clothing. By keeping track of these expenses over time, you can get a better idea of how much you’re spending each month and plan accordingly.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING