Dave Ramsey Course Personal
Finance Study Set 2025 with
complete verified solutions
loan shark - answer A person or business that offers loans at extremely
high interest rates
Annual Fee - answer A yearly fee that's charged by the credit card
company for the convenience of the credit card.
what is a consequence of overdrawing your checking account - answer
overdraft fee, stress, bounced check
diversification - answer The practice of dividing the money a person
invests between several different types of investments in order to lower
risk.
tax savings - answer Never invest purely for this
investing - answer The process of setting money aside to increase wealth
over time for long-term financial goals such as retirement.
borrowed money - answer Never invest using this
a written budget, if followed, removes what from your finances - answer
guilt, management by crisis, overspending
Annual Percentage Rate (APR) - answer Cost of borrowing money on an
annual basis; takes into account the interests rate and other related fees.
, consumer - answer A person or organization that uses a product or
service
percentage of american living paycheck to paycheck - answer 70%
investment - answer Account or arrangement in which a person puts
his/her money for long-term growth, invested money should not be used
for a suggested minimum of five years.
walk away power - answer the ability to *walk away* from a purchase
when negotiating.
debt - answer An obligation of repayment owed by one party to a second
party
Zero-Based Budget - answer ensures that every dollar you make is
assigned a specific purpose
Fixed Rate - answer An interest rate that does not change over time.
credit - answer The granting of a loan and the creation of debt; any form
of deferred payment
auction - answer *a public sale* in which property or items of
merchandise are sold to the highest *bidder*
portfolio - answer A list of your investments.
consignment shop - answer retail store where people sell items and the
owner of the *shop* gets a percentage of the sale
risk - answer Degree of uncertainty of return on an asset, in business,
the likelihood of loss or reduced profit.
Finance Study Set 2025 with
complete verified solutions
loan shark - answer A person or business that offers loans at extremely
high interest rates
Annual Fee - answer A yearly fee that's charged by the credit card
company for the convenience of the credit card.
what is a consequence of overdrawing your checking account - answer
overdraft fee, stress, bounced check
diversification - answer The practice of dividing the money a person
invests between several different types of investments in order to lower
risk.
tax savings - answer Never invest purely for this
investing - answer The process of setting money aside to increase wealth
over time for long-term financial goals such as retirement.
borrowed money - answer Never invest using this
a written budget, if followed, removes what from your finances - answer
guilt, management by crisis, overspending
Annual Percentage Rate (APR) - answer Cost of borrowing money on an
annual basis; takes into account the interests rate and other related fees.
, consumer - answer A person or organization that uses a product or
service
percentage of american living paycheck to paycheck - answer 70%
investment - answer Account or arrangement in which a person puts
his/her money for long-term growth, invested money should not be used
for a suggested minimum of five years.
walk away power - answer the ability to *walk away* from a purchase
when negotiating.
debt - answer An obligation of repayment owed by one party to a second
party
Zero-Based Budget - answer ensures that every dollar you make is
assigned a specific purpose
Fixed Rate - answer An interest rate that does not change over time.
credit - answer The granting of a loan and the creation of debt; any form
of deferred payment
auction - answer *a public sale* in which property or items of
merchandise are sold to the highest *bidder*
portfolio - answer A list of your investments.
consignment shop - answer retail store where people sell items and the
owner of the *shop* gets a percentage of the sale
risk - answer Degree of uncertainty of return on an asset, in business,
the likelihood of loss or reduced profit.
