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Economics Dave Ramsey Final Exam Review Flashcards | StudBud
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Economics Dave Ramsey Final Exam Review
Economics Dave Ramsey Final Exam Review
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Final exam review for #DaveRamsey book work in #economics
Flashcards
26 cards
F
Practice quiz
P
Host live
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Questions
26
Answers
1
What should you use to pay for your car?
Credit Card
Loans
Cash
Bonds
2
Mutual funds are good ____-term investments
Zero
Long
Fixed
Short
3
What is the main result of a unbalanced checking account?
Overdrafts
Debt
A shutdown account
Debit card being frozen
4
How long does the average job last?
5 Years
2.1 Years
4.7 Years
6 Months
5
How much should you save in your emergency fund?
$50
$100
$500
$1000000
6
What is the name of the personality test in the book?
Myers Briggs Test
Buzzfeed Personality Quiz
DISC Test
16Personalities Test
7
What is the name of the personality test that I recommended to you?
DISC
Five Factor Model
Buzzfeed Personality Quiz
16 Personalities
8
A money market account is a ____-risk bank savings account with check-writing privileges.
Total
No
High
Low
9
What is a risk-management technique that mixes a variety of investments within a portfolio?
Tax Saving
Money Market
Diversification
Single Stocks
10
The number-one cause of divorce in America is _____
Money
Religion
Those darn in-laws
Children
11
A new car loses ___% of its value in the first four years
85
70
10
45
12
Which money personality likes doing the budget because it gives them control?
Free Spirit
Geek
Nerd
Smart Alec
13
Which group spends an average of $173 a month on the lottery?
People with High School Diplomas
People with Masters Degrees
People who dropped out of high school
College Graduates
14
What is interest paid on interest previously earned?
Basic Interest
Compound Interest
Fixed Interest
Simple Interest
15
What is a persistent rise in the price of goods and services over a period of time?
Expansion
Inflation
Interest
Recession
16
What does CD stand for?
Credit Debt
Crazy Dave
Credit for Diversification
Certificate of Deposit
17
About ____% of Americans are living paycheck to paycheck
70
90
50
65
18
98.3% of companies in the US have less than ____ employees
200
50
500
100
19
What is a cash flow plan?
A checking account
Your first bank account that you set up with your banker.
A blueprint that shows how much money you will earn & spend
A literal river of money that you need to create a path for
20
How do men get good deals?
Men don't get good deals
Crying until the cashier gives it to them for free
Negotiating
Hunting
21
With virtually all investments, as the risk increases, the return ______
None of the Above
Stays the Same
Increases
Decreases
22
What system does Dave Ramsey recommend for things with no fixed monthly expenses?
Separated System
Envelope System
Zero-Based Budget System
Multiple Accounts System
23
How many jobs does the average person have?
30
15
10
20
24
How many credit cards does Dave Ramsey say you should have?
3
1
10
0
25
Money markets are great for your ______ ______ due to their liquidity and stability.
Student Loans
Car loan
Emergency Fund
Mutual Funds
26
Which of the options is NOT one of the five basic steps?
Emergency Fund
Pay Cash for College
Get out of Debt
Invest in Multiple Stocks
