ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which type of setting would have the highest rent?
A
Rural Area
B
Suburb
C
Urban/Downtown Area
D
None of the above
Explanation: 

Detailed explanation-1: -Fixed-term lease This is probably the most common type of residential lease, and guarantees your tenancy (and your monthly rental cost) for a set period of time-for example, six months, a year, or two years.

Detailed explanation-2: -New York, NY. What Was The Most Expensive Rent In The US In 2022? Rental Trends Affecting the Market In 2022. San Jose, CA. Oakland, CA. Boston, MA. New York, NY. San Francisco. At number one on the list, this California city has an average rent of $3, 500 for a one-bedroom apartment. More items

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