Exam (elaborations)
Ramsey Classroom Chapter 1 Test Detailed Questions And Expert Answers
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Ramsey Classroom Chapter 1 Test Detailed Questions And Expert Answers
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Ramsey Classroom Chapter 1 Test DetailedQuestions And Expert Answers
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 owed 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 additional cost a lender charges for borrowing their money
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