CHAPTER 1 DAVE RAMSEY UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS VERIFIED 2027 EDITION
1. Consumer
A person or organization that uses a product or service.
2. Credit
The granting of a loan and the creation of debt; any form of deferred payment.
3. Debt
An obligation of repayment owed by one party (the debtor/borrower) to a second party (the
creditor/lender); in most cases this includes repayment of the original loan amount plus interest
1
ANSWERS VERIFIED 2027 EDITION
1. Consumer
A person or organization that uses a product or service.
2. Credit
The granting of a loan and the creation of debt; any form of deferred payment.
3. Debt
An obligation of repayment owed by one party (the debtor/borrower) to a second party (the
creditor/lender); in most cases this includes repayment of the original loan amount plus interest
1