Ch 1 Ramsey Classroom
Authored by Kelly odell
Other
12th Grade
Used 67+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person or organization that uses a product or service
Consumer
Personal Finance
Debt
Loan Shark
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
money owed to another person or company
Debt
Credit
Interest
Personal Finance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the granting of a loan and the creation of debt; any form of deferred payment
Credit
Interest Rate
Loan Shark
Interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the percentage of principal charged by the lender for use of its money
Interest Rate
Loan Shark
Credit
Asset
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
person or entity that charges borrowers interest rates above an established legal rate
Loan Shark
Interest Rate
Credit
Liabilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the additional cost a lender charges for borrowing their money
Interest
Asset
Liabilities
tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
Net Worth
Asset
Expense
Net Income
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