Dave Ramsey 1-3,4,5,7 Ch Quiz

How much money should be in an emergency fund?

• 100

• Have no clue because I wasn't listening.

• 500

• 1000

Tags

CCSS.6.RP.A.3B

Regularly__________your financial plan

• ignore

• monitor

• glance

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Borrowing money___________.

• don't know

• is a strategic tool for building wealth

• helps to buy things you can afford

• can cause problems

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Your emergency fund should be kept________

• at your parents house

• with your regular money

• in a credit card

• in separate account

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What is a common money myth?

• building wealth is a good idea

• debt is dumb

• I can go to college without debt

• everyone has student loan debt

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

When I want to buy I car I should________________

• pay cash

• borrow from my parents

• borrow from the bank

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The five steps to financial success

• The Five Compliments
• The Five Foundations
• The Five Freedom Steps
• The Five Money Saving Steps

Interest paid on interest previously earned

• Simple Interest
• Frequent Interest
• Interest Account
• Compound Interest

Saving money over time for a large purchase

• Savings Account

• Sinking Fund

• Checking Account

• Interest Bearing Account

A rate which is either charged (on debt) or paid (on investment accounts) for the use of money

• Interest Rate
• Savings Rate
• Inflation Rate
• Interest Percentage

Tags

CCSS.7.RP.A.3