Dave Ramsey - Chapter 3 Review

Front

You save for ___________ when you don't have the cash to buy it now.

Back

a Large Purchase

Front

_________ is the average growth for an investment over a period of time.

Back

Compound Growth

Front

The initial amount of money you deposit or invest is called the _______.

Back

Principal

Front

___________ Deals, such as "90 Days Same as Cash", are often used to get you to buy higher-priced items.

Back

Interest Rate

Front

"Rate of Return" is a phrase used to describe what aspect of investing?

Back

Compound Growth

Front

When you make a purchase but later wish you hadn't done so, you experience ______.

Back

Buyer's Remorse

Front

_______ refers to the earning potential of money.

Back

Time Value of Money

Front

Which of the following questions helps you determine if something is actually an emergency expense? Is it urgent? Is it unexpected? Is it necessary?

Back

All of the above

Front

What two elements do you need to build wealth through compound growth?

Back

Money invested and time

Front

An investment's _______ is its percentage gain or loss over time.

Back

Rate of Return