Bsu fin 101 - Study guides, Class notes & Summaries
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BSU FIN 101 Exam 1 Questions And Answers Already Graded A+
- Exam (elaborations) • 8 pages • 2024
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A charge for writing a check when there was not enough money to cover it is called - Overdraft 
charge 
A college graduate will - Earn three times more than a high school graduate over a lifetime 
A dollar tomorrow is worth - less 
A line of credit is - The maximum dollar amount of credit the lender has made available. 
An example of a fixed expense is - a mortage 
An example of a variable expense is a(n) - an electric bill 
APR is - Annual Percentage Rate 
Assets - Physical items and financial ...
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BSU FIN 101 Exam 1 Latest Update
- Exam (elaborations) • 8 pages • 2023
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BSU FIN 101 Exam 1 Latest Update ...
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BSU FIN 101 Exam 1 questions with correct answers
- Exam (elaborations) • 7 pages • 2023
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The first step of the financial planning process is to 
Make an honest assessment of where you are now financially and emotionally and to commit to a disciplined plan 
 
 
 
A college graduate will 
Earn three times more than a high school graduate over a lifetime 
 
 
 
Retirement is 
The single most important financial goal and the most expensive long-term goal you have to set 
 
 
 
Debt-to-income ratio is 
How much consumer debt you are carrying relative to your income 
 
total debt/total an...
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