Dave Ramsey Unit 1 Test

Prior to the 1920’s, debt was something most Americans were ashamed of.

• True

• False

Credit cards and car loans are a GREAT idea for most people.

• True

• False

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

A lot of people you think “look” wealthy are completely broke.

• True

• False

The average student loan debt is about

• $30,000

• $12,000

• $18,000

• $6,000

Tags

CCSS.HSS.IC.A.1

CCSS.HSS.IC.B.4

Personal finance is ____% behavior and ____% knowledge.

• 50, 50

• 80, 20

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

In America, being “normal” is ______.

• wealthy

• broke

The reason debt has become a problem in America is because

• loaning money became profitable for banks and other businesses

• Americans are forced to get loans.

Tags

CCSS.7.RP.A.3

We are bombarded with marketing ads that push us to __________things.

• buy

• avoid

We are told that debt is normal. It has become acceptable in or culture to use credit to buy ___________________.

• Clothes

• Jewelry

• Food

• EVERYTHING

We are taught that we can buy happiness. This is simply _______!

• false

• true