1) What is the unit to measure electricity per hour? a) kWH or kilowatt per hour b) Meter c) Liter d) Pound 2) Watt is a unit to quantify the rate of energy transfer and was named after James Watt (1736-1819). a) True b) False 3) If the unit cost per kilowatt hour is $0.10 and the unit used is 100, then how much is the bill for this month? a) $5.00 b) $10.00 c) $20.00 4) What is the total amount due for these utility bills? Electric $150.00; telephone is $20.00; gas is $30.00 a) $150.00 b) $100.00 c) $200.00 5) How much would a company pay? The insurance company will pay 25% on an $100,000 mortgage.  a) $40,000 b) $25,000 c) $35,000 6) Which of the following loan payment would save more money? a) 15 years at 7% interest b) 40 years at 9 % 7) Which of the following loans are available? a) Fixed-rate mortgage variable -rate mortgage b) No mortgage loans 8) Banker's rule says you can borrow ________times your annual income. a) 2.0 b) 2.5 c) 3.0 9) Renter's rule says you can rent spend nor more than ____ week's income for a month's rent. a) one b) two c) three 10) The meter is showing ___________kWH. a) 630000 b) 634957 c) 365981

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