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FREE AND STUDY GAMES ABOUT DAVE RAMSEY EXAM
QUESTIONS
Actual Qs and Ans Expert-Verified Explanation
This Exam contains:
-Guarantee passing score -63 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: the way to ___ the money lost on things that go down in value is to buy slightly ___
Answer:
minimize; used
Question 2: quit ___ more ___
Answer:
borrowing, money
Question 3: spending cash registers as
Answer:
pain
Question 4: in 1958 a west coast bank ___ issues a pice of plastic called ____
Answer:
Bank of America; BankAmericard
Question 5: TRUTH: staying away from car payment by driving reliable used cars is what the typical ___ does
Answer:
millionaire Question 6: TRUTH: the bank requires a cosigner because the person isn't likely to ____
Answer:
repay Question 7: debt consolidation saves little or no __ becasue you will throw your low interest loans into the deal
Answer:
interest
Question 8: ___ payments equal more ___ in debt
Answer:
smaller, time
Question 9: our ___ borrowed on a few things
Answer:
parents Question 10: TRUTH: a __ card does all of that
Answer:
debit
Question 11: you must __ money
Answer:
save Question 12: TRUTH: leasing your car is the most ___ way to finance and operate a vehicle
Answer:
expensive
Question 13: MYTH: i pay my ___ off every money with no annual payment or fee
Answer:
credit card
Question 14: part-time __ or ___
Answer:
job, overtime Question 15: MYTH: ___ payments are a way of life and you'll always have one
Answer:
car Question 16: MYTH: ____, rent-to-own, title pawning, and tote-the-note lots are needed ____ for lower income people to help them get ahead
Answer:
cash advance; services
Question 17: McNamara's company ___ is still in business
Answer:
Diners Club Question 18: MYTH: It's wise to take out an ___ or ___ mortgage if you know you will move
Answer:
ARM, balloon
Question 19: in 1919- in the sears catalog, credit was called ___
Answer:
folley
Question 20: our ____ thought it was stupid
Answer:
grandparents
Question 21: TRUTH: when you use cash instead of plastic, you spend ___ less because spending cash hurts
Answer:
12-18%
Question 22: TRUTH: a new car loses __% of it's value in the first 4 years
Answer:
70
Question 23: in 1970 only __% of americans owned credit cards
Answer:
15
Question 24: ___ for the cash sale of a new car
Answer:
82 Question 25: 75% of the Forbes 400 say that becoming and staying __ free was #1 key to wealth building
Answer:
debt
Question 26: 80% of ____ in America are first-generation rich
Answer:
millionaires Question 27: TRUTH: the relationship will be strained or _____
Answer:
destroyed Question 28: MYTH: you need a ___ to rent a car or make ___ online or by phone
Answer:
credit card, purchases
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