Dave Ramsey Final Exam SS

Front

What is the difference in Gross Pay and Net Pay?

Back

Net pay describes your pay after deductions; gross pay is before.

Front

The Government relies on Taxes to:

Back

Pay for services such as roads, education and social services

Front

When applying for a job, you should: Follow up with the employer, Present yourself well, Provide a resume and cover letter

Back

All the above

Front

When communicating with your parents about money, you should:

Back

tell them your money goals, listen to what they have to say, be honest about your intent.

Front

When couples do not share the same money goals and values, what can happen?

Back

stress, divorce, fighting

Front

The benefits of diversifying your investments are: Reduced tax liability, Reduced risk, Larger return, Larger risk

Back

Reduced risk

Front

People need to save and invest because:

Back

their money can make them money

Front

When you buy and sell investments, you should not: understand the basics of your investment, consider your investment time frame, change your investment strategy based on market conditions, learn all you can about investments

Back

change your investment strategy based on market conditions

Front

Well diversified portfolios include: Growth, growth and income, international, aggressive growth

Back

Growth, growth and income, international, aggressive growth

Front

When you have an at fault accident, which part of your auto insurance pays for the other persons car and medical expenses?

Back

liability