Moorman FHCE 3100 Final Exam| 228 Questions| With Complete Solutions
What are the two largest expenditures for most consumers? correct answer: Housing and transportation What is the national homeownership rate? correct answer: 64.4% What does the Discrimination Fair Housing act prohibit discrimination on the basis of? correct answer: race or color, religion, sex, national origin, familial status, disability What were people told homeownership might do for them? correct answer: create social and financial stability, created safer neighborhoods, create smarter children who do better in school When did the "own ur own house" government home ownership promotion start? correct answer: in 1922 under then-secretary of commerce later president Herbert Hoover During the great depression, what did US home ownership drop to? correct answer: in 1940, after the great bust of the 19230s, homeownership dropped to 44% Under which President was the Federal Home Loan Banks (FHL) created? correct answer: Hoover in 1932 What was the Federal Home Loans Banks (FHL)? correct
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