Bsu fin 101 exam 1 - Study guides, Class notes & Summaries

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 ...

BSU FIN 101 Exam 1 Latest Update ...

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...