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Ramsey chap1 Flashcards | StudBud
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Ramsey chap1
Ramsey chap1
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Questions
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Answers
1
One square inch of river otter fur has for individual hairs than the entirety of what animal?
African meercat
German Shepard
Field mouse
York terrier
2
Personal finance is 20% head knowledge about money. What‘s the other 80%?
Behavior
Relationships
Cash in the bank
Experience
3
Whats happys favorite sport?
Hockey
Golf
Track
Baseball
4
foundation 4
pay cash for food
pay cash for tires
pay cash for vactions
pay cash for college
5
Foundation 3
pay cash for mattresses
pay cash for college
pay cash for groceries
Pay cash for a car
6
American culture and businesses have convinced consumers that using ____________ is normal.
Loan Shark
Fast Food
Credit
Interest
7
A(n) ____________ is anything you own that has value.
Taco bell
Asset
Liability
Budget
8
Foundation 1 is ___________________________________
Give
pay cash for college
Pay cash for a hotel
Save $500 for an emergency fund
9
Foundation 5
Build wealth and give
horde all your money
Always win Kahoot
have a small home
10
Living on less than you make means not:
Budgeting to eat out with friends
Buying a car at 16 years old
Spending all of your money
Going to college after high school
11
_____________ means having the knowledge and skills to manage your personal finances.
Consumer
Financial Literacy
Paycheck to Paycheck
Interest Rate
12
The percentage of Americans who are living paycheck to paycheck is almost:
12%
100%
72%
80%
13
Almost half of all Americans report having less than ________ in savings.
3000
1000
5200
500
14
What color pants does Jake from state farm wear?
Grey
Black
Navy
Khakis
15
As a(n) ______________, it‘s up to you to make choices about what you buy and use.
Parent
Expense
Consumer
Financial Plan
16
The total student loan debt owed in the U.S. is currently about how much?
1.5 trillion
2 billion
320,000
1 cent
17
Knowing your ___________ is the starting point for a financial plan.
Positive Net Worth
Net Worth
Paycheck to Paycheck
Interest Rate
18
_________________ is a fee charged for using borrowed money for a purchase.
Interest
Interest Rate
Loan Shark
Net Worth
19
The Five Foundations provide a simple ___________ to help you win with money.
Guide to be rich
Suggestion
Action plan
Hot dog
20
Foundation 2
Get out and stay out of debt
pay cash for college
Get a 30 year mortgage
Save $1000
21
1. Having a(n) ____________________means the amount of your liabilities is larger than the value of your assets.
Net Income
Paycheck to Paycheck
Loan Shark
negative net worth
22
_____________ relates to all of the different money decisions you make each day.
Financial Literacy
Asset
Personal Finance
Interest
23
Where should we get to?
The hotel
The desert
The Choppa
Graveyard
