
Ramsey Vocab CH 1
Flashcard
•
Life Skills, Business
•
11th - 12th Grade
•
Practice Problem
•
Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
Assets > Liabilities indicates:
Back
positive net worth :)
2.
FLASHCARD QUESTION
Front
Liabilities > Assets indicates:
Back
negative net worth :(
3.
FLASHCARD QUESTION
Front
Money owed to another person or company?
Back
Debt
4.
FLASHCARD QUESTION
Front
A person or entity that charges borrowers interest rates above the legal rate.
Back
Loan shark
5.
FLASHCARD QUESTION
Front
Additional cost to a lender for borrowing money, expressed as a percentage.
Back
Interest
6.
FLASHCARD QUESTION
Front
Cost of goods or money paid out
Back
Expense
7.
FLASHCARD QUESTION
Front
Financial debt or obligations
Back
Liability
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