Chapter 1 Dave Ramsey Questions and Answers 100% Pass

Chapter 1 Dave Ramsey Questions and Answers 100% Pass What is financial literacy? - Answer️️ -The knowledge and skill base necessary for people to be informed consumers and manage their finances. As a single adult, you should.... - Answer️️ -Keep managing your money as a priority Banks got into credit business before 1920 because charging exceptionally high interest rates was legal. - Answer️️ -False Without any debt, you can be outrageously - Answer️️ -Generous Being a spender has many more positives than being a saver. - Answer️️ -False If your assets total more than your liabilities, you will a _________ net worth. - Answer️️ -Postive What are The Five Foundations? - Answer️️ -A personal financial action plan. You are either only a natural saver or a natural spender. You cannot have a balance of both. - Answer️️ -False. Franklin D. Roosevelt passed the New Deal because of the Great Depression in the 1930s. What was the purpose of this program? - Answer️️ -To promote economic recovery and social reform. A ____ financial goal takes up to two years to reach. - Answer️️ -Short-term