Ramsey Vocab CH 1

Ramsey Vocab CH 1

Assessment

Flashcard

Life Skills, Business

11th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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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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