Ramsey Classroom Chapter 1 Review

Ramsey Classroom Chapter 1 Review

12th Grade

28 Qs

quiz-placeholder

Similar activities

Economic Terms of the Great Depression

Economic Terms of the Great Depression

9th - 12th Grade

24 Qs

Econ Chapter 14: Taxes & Government Spending

Econ Chapter 14: Taxes & Government Spending

12th Grade

25 Qs

Personal Finance Review pt 1

Personal Finance Review pt 1

9th - 12th Grade

23 Qs

AP Go Po Unit 4 Vocab

AP Go Po Unit 4 Vocab

12th Grade

26 Qs

Fiscal and Monetary Policy Practice Test

Fiscal and Monetary Policy Practice Test

12th Grade

25 Qs

Financial Decision-Making

Financial Decision-Making

9th - 12th Grade

31 Qs

Unit 4 Test

Unit 4 Test

9th - 12th Grade

28 Qs

Economics Final

Economics Final

9th - 12th Grade

25 Qs

Ramsey Classroom Chapter 1 Review

Ramsey Classroom Chapter 1 Review

Assessment

Quiz

History

12th Grade

Medium

Created by

Krystal Castro

Used 82+ times

FREE Resource

28 questions

Show all answers

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

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?