Dave Ramsey Chapter 3 review () Questions and Answers

Dave Ramsey Chapter 3 review () Questions and Answers 47% of Americans have less than $1,000 saved for a(n)____ - Answer️️ -emergency fund An investment's _________is its percentage gain or loss over time. - Answer️️ -rate of return ________________-is the average rate of growth for an investment over a period of time. - Answer️️ -compound growth The price of goods and services increases over time due to________ - Answer️️ - inflation The initial amount of money you deposit or invest is called the______ - Answer️️ - principal You save for a(n) ________ when you don't have the cash to buy it now. - Answer️️ - large purchase ______________deals—such as 90-days-same-as-cash—are often used to get you to buy higher-priced items - Answer️️ -interest rate The________ refers to the earning potential of money. - Answer️️ -time value of money When talking about saving money, Anthony ONeal says, "Start paying yourself and_____ - Answer️️ -investing in your future