Dave Ramsey - Chapter 3 Review

Dave Ramsey - Chapter 3 Review

12th Grade

40 Qs

quiz-placeholder

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Dave Ramsey - Chapter 3 Review

Dave Ramsey - Chapter 3 Review

Assessment

Quiz

Business

12th Grade

Medium

Created by

Judith Kitchens

Used 95+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

You save for ___________ when you don't have the cash to buy it now.

an Emergency Fund

a Large Purchase

an Investment

Wealth Building

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

_________ is the average growth for an investment over a period of time.

Compound Growth

Rate of Return

Accrued Interest

Time Value of Money

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The initial amount of money you deposit or invest is called the _______.

Rate of Return

Compound Growth

Interest Rate

Principal

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

___________ Deals, such as "90 Days Same as Cash", are often used to get you to buy higher-priced items.

Holiday Sale

Large Purchase

Interest Rate

None of these

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

"Rate of Return" is a phrase used to describe what aspect of investing?

Compound Growth

Accrued Interest

Risk and Return Ratio

Inflation

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

When you make a purchase but later wish you hadn't done so, you experience ______.

Selfishness

Impulse Purchase Syndrome

Buyer's Remorse

Time Value

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

_______ refers to the earning potential of money.

Time Value of Money

Compound Growth

Principal

Rate of Return

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