Ramsey Chapter 3
Authored by Kelly odell
Life Skills
9th - 12th Grade
Used 63+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a savings account set up specifically to be used to cover financial emergencies
Emergency Fund
Time Value of Money
Large Purchase
Compound Growth
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the persistent rise in the cost of goods and services over time
Inflation
Compound Growth
Emergency Fund
Large Purchase
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a purchase that requires a significant amount of money
Large Purchase
Rate of Return
Principal
Inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
Accrued Interest
Compound Growth
Compound Interest
Rate of Return
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the measure of an investment’s profit or loss, usually expressed as a percentage of the initial investment
Rate of Return
Accrued Interest
Compound Growth
Interest Rate
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
interest paid on interest previously earned
Compound Interest
Accrued Interest
Compound Growth
Interest Rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the percentage of principal charged by the lender for the use of its money
Interest Rate
Accrued Interest
Compound Interest
Compound Growth
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