Gotacres.com: Test your rural land knowledge!

The Rural Land Quiz!

Test your rural land knowledge!

Please enter your name:

1: What state has the largest percentage of land owned by the federal government?: California
Nevada
Alaska
Puerto Rico
2: What state has the smallest percentage of land owned by the federal government?: Florida
Texas
Connecticut
Guam
3: A full section of land contains 640 acres and measures 1-mile on all 4 sides. How long would each of the 4 sides measure for a quarter of a section or 160 acres?: 25% as long as the full section or a quarter-mile on each side.
Three-quarters of a mile on each side.
One-half mile on each side.
From here to the moon!
4: Had your great grandfather been a victim of a con-man in the 1920s and was sold stock in the Belzer Car Company, or a future contract for commodities, or a “worthless” lot in the Arizona desert at an exorbitant price, which asset would still be in existence today and worth far more than the con-man’s price in the 1920s?: Stock in the Belzer Car Company
A future contract on commodities
The lot in Arizona.
None of the above.
5: In 1867 the United States purchased Alaska, containing 586,000 square miles or roughly 375 million acres of land, for what price per acre?: $1 per acre.
$.02 per acre.
$.25 cents per acre.
Some beads and a blanket
6: There are no historical examples of which following asset ever having been held for 50 years and then resold at a loss in a free financial environment?: A rare automobile.
A bluechip stock.
A cheap tract of land in the "boondocks."
An internet start-up company.
7: Which of the following assets can’t be stolen, burnt down, mismanaged or outdated by fast changing technology?: Stocks and bonds.
Apartment buildings.
A tract of raw land.
Your car stereo.
8: Assuming each person was an adult measuring 1 foot thick and 2 feet wide, or 2 square feet, how many people could theoretically stand on 160 acres at the same time?: 53,599
Less than 10,000.
3,484,800
More than enough.
9: Far and away the most important issue to verify for someone wanting to purchase a tract of raw land is which of the following?: Make certain the sales person is charming and has a good personality.
Verification of how much money the sales person said you could make.
Documented proof that the seller legally owns the land and can deliver title to you.
No restrictions on types of animals allowed.
10: Which of the following assets can you actually purchase and legally own for a down payment as little as 100 pennies (or $1)?: $100 worth of food from a super market.
A new pair of shoes.
20 to 160 acres of raw land from GotAcres.com.
Mexico

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