Dave Ramsey Debt
Authored by Thomas Wessner
10th - 12th Grade
CCSS covered
Used 311+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A yearly fee that's charged by the credit card company for the convenience of the credit card
Annual Fee
Annual Percentage Rate (APR)
ARM
Balloon Mortgage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.
Annual Fee
Annual Percentage Rate (APR)
ARM
Balloon Mortgage
Tags
CCSS.6.NS.C.6C
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
variable-rate mortgage; mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.
Annual Fee
Annual Percentage Rate (APR)
ARM
Balloon Mortgage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a mortgage in which the entire remaining balance of the loan is due in one single payment
Annual Fee
Annual Percentage Rate (APR)
ARM
Balloon Mortgage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An arrangement to receive cash, goods, or services now and pay for them in the future.
credit
credit card
credit limit
debit card
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A plastic card used to make purchases now and pay for them later.
credit
credit card
credit limit
debit card
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum dollar amount that can be borrowed
credit
credit card
credit limit
debit card
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