Dave Ramsey Chapter 2 Review
Authored by Patti Brewer
Mathematics
12th Grade
CCSS covered
Used 54+ times
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About
This quiz covers personal finance fundamentals, specifically focusing on saving strategies and financial planning principles appropriate for 12th grade students. The questions assess students' understanding of key financial concepts including emergency funds, sinking funds, interest rates, and the foundational steps to financial success as outlined in Dave Ramsey's financial literacy curriculum. Students need to demonstrate comprehension of vocabulary terms like "sinking fund" and "emergency fund," apply basic mathematical skills to calculate monthly savings requirements, and understand the strategic reasons behind separating different types of savings accounts. The content requires students to distinguish between various saving purposes, recognize the importance of compound interest over time, and evaluate true/false statements about fundamental financial principles. Created by Patti Brewer, a Mathematics teacher in the US who teaches grade 12. This comprehensive review quiz serves as an excellent tool for assessing student mastery of Chapter 2 concepts from Dave Ramsey's financial literacy program. Teachers can utilize this quiz for formative assessment to gauge student understanding before moving to more advanced topics, assign it as homework to reinforce classroom learning, or implement it as a review activity before summative assessments. The varied question formats, including multiple choice, true/false, and calculation problems, make it suitable for warm-up activities that activate prior knowledge or as practice exercises that help students solidify their understanding of essential financial concepts. This assessment aligns with standards that emphasize mathematical problem-solving in real-world contexts and financial literacy education requirements.
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Saving money over time for a large purchase
Savings Account
Sinking Fund
Checking Account
Interest Bearing Account
Tags
CCSS.7.EE.B.3
CCSS.7.RP.A.3
CCSS.7.NS.A.3
CCSS.7.NS.A.1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not one of the three basic reasons for saving money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Instead of borrowing money for large purchases, you should set money aside in a _________ over time and pay with cash.
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The five steps to financial success
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For which of the following should you save
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most Americans avoid the use of credit when it comes to buying big-ticket items like a car or furniture for their home
Tags
CCSS.RL.11-12.6
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Percentage paid to a lender for the use of borrowed money, or the percentage earned on invested principal.
Interest Rate
Savings Rate
Tags
CCSS.7.RP.A.3
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