2
AssignmentMultiple Choice

Mortgages and Home Ownership

Question 2 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Which conclusion is best supported by this graph?

Answer
A
Most people paid about $300 for a new home in 2013.
B
Most people can never afford to buy a home.
C
Most people need to take out a mortgage to purchase a home.
D
Most people pay back a loan for a home in a short period of time.