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Ramsey Test Questions And Answers With Verified Study Solutions
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Ramsey Test Questions And Answers With Verified Study Solutions
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Ramsey Test Questions And Answers With VerifiedStudy Solutions
Personal finance ANS all the financial decisions an individual or family must make in order to
earn, budget, save, spend, and give money over time
Consumer ANS a person or organization that uses a product or service
Debt ANS money owned to another person or company
Paycheck to paycheck ANS an expression used to describe a person or household whose monthly
income is devoted to expenses and has little to no savings
Credit ANS the granting of a loan and the creation of debt: any form of deferred payment
Interest rate ANS the percentage of principal charged by the lender for use of its money
Loan shark ANS person or entity that charges borrowers interest rates above an established legal
rate
Interest ANS the additional cost a lender charges for borrowing their money
Financial plan ANS a play of action that allows a person to meet not only their immediate needs
but also their long term goals
Net worth ANS the amount by which the value of a person's assets exceeds or falls behind the
value of their liabilities
Asset ANS anything that is owned by an individual, including money in the bank
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