Dave Ramsey Final Exam Review

Dave Ramsey Final Exam Review

Assessment

Flashcard

Mathematics

12th Grade

Hard

CCSS
6.RP.A.3B, RI.11-12.5, RI.7.2

+8

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is 'good' debt?

Back

'Good' debt refers to borrowing that is considered beneficial for your financial future, such as student loans or mortgages, which can lead to increased income or asset value.

2.

FLASHCARD QUESTION

Front

What is 'bad' debt?

Back

'Bad' debt refers to borrowing that does not provide a return on investment, such as credit card debt used for non-essential purchases.

3.

FLASHCARD QUESTION

Front

What are the three main sources of funding for education?

Back

Grants, scholarships, and work.

4.

FLASHCARD QUESTION

Front

What is sales tax?

Back

Sales tax is a consumption tax imposed by the government on the sale of goods and services, calculated as a percentage of the purchase price.

Tags

CCSS.6.RP.A.3B

5.

FLASHCARD QUESTION

Front

What should you consider before making a purchase?

Back

Ask yourself: Is this a need or a want? Can I afford it?

6.

FLASHCARD QUESTION

Front

What is the importance of tracking your expenses?

Back

Tracking expenses helps you understand your spending habits, manage your budget, and identify areas where you can save money.

7.

FLASHCARD QUESTION

Front

What is a budget?

Back

A budget is a financial plan that outlines expected income and expenses over a specific period, helping individuals manage their finances.

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