Dave Ramsey Dangers of Debt

Dave Ramsey Dangers of Debt

11th - 12th Grade

28 Qs

quiz-placeholder

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Dave Ramsey Dangers of Debt

Dave Ramsey Dangers of Debt

Assessment

Quiz

Other

11th - 12th Grade

Medium

CCSS
RI.11-12.8, RL.11-12.8, RI.9-10.7

+2

Standards-aligned

Created by

Bruns Mark

Used 19+ times

FREE Resource

28 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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What is a home loan in which the interest rate will change periodically (i.e. annually). Typically adjusted based on a published index such as the Treasury Bill or LIBOR (3 words)

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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The preferred method of debt repayment. Includes a list of all debts organized from smallest to largest balance. Minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payments

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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A decline in the value of property. The opposite of appreciation

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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The total dollar amount you pay to use credit

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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The process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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The time period during which a borrower can pay the full balance of credit due with no finance charges

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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Credit line offered by mortgage lenders that allows a homeowner to borrow money against the equity in their home (3 words)

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