Dave Ramsey Debt Unit Test
Authored by David Croissant
Mathematics
12th Grade
CCSS covered
Used 33+ times
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60 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 plastic card used to make purchases now and pay for them later.
credit
credit card
credit limit
debit card
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a list of all debts organized from smallest to largest balance; minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payments
debt consolidation
debt Snowball
Depreciation
finance charge
foreclosure
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a lessening in value
debt consolidation
debt Snowball
Depreciation
finance charge
foreclosure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fee for borrowing money, added to a monthly credit card bill.
debt consolidation
debt Snowball
Depreciation
finance charge
foreclosure
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