

Dave Ramsey Chapter 4 & 5 Test
Flashcard
•
Mathematics
•
9th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is an annual fee?
Back
A yearly fee charged by the credit card company for the convenience of using the credit card.
2.
FLASHCARD QUESTION
Front
Is it true that you must establish credit in order to buy a house?
Back
False
3.
FLASHCARD QUESTION
Front
What is the total estimated student loan debt in the U.S.?
Back
Over $1 Trillion.
4.
FLASHCARD QUESTION
Front
What is a trade school?
Back
An educational institution that allows students to learn basic professional skills in two years or less, typically cutting out many general courses required by traditional universities.
5.
FLASHCARD QUESTION
Front
What is a credit report?
Back
A detailed report of an individual’s credit history.
6.
FLASHCARD QUESTION
Front
What does FICO Score represent?
Back
A credit score that represents an individual's creditworthiness.
7.
FLASHCARD QUESTION
Front
What is the purpose of a cash flow statement?
Back
To provide a summary of the cash inflows and outflows of an individual or business.
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