Ramsey Chapter 2 Post-Test Study Set Questions and Answers

Ramsey Chapter 2 Post-Test Study Set Questions and Answers
Question 1
On-line budgeting apps are more effective than budgeting with paper and pencil.

O True
O False
Correct Answer
False



Question 2
A written cash flow plan is:

O Impulse Purchase
O Cash Flow Statement
O Budget
O 0verdraft
Correct Answer
Budget




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,Question 3
Although the majority of Americans think budgeting is important, about ______ of Americans actually use a budget.

O 75%
O 50%
O 35%
O 23%
Correct Answer
35%



Question 4
You should evaluate and change your budget monthly.

O True
O False
Correct Answer
True



Question 5
Dave Ramsey's four walls are food, utilities, shelter, and transportation.

O True
O False
Correct Answer
True




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, Question 6
Which of the following is not a component of a budget?
O Savings
O Giving
O Income
O Credit Score
Correct Answer
Credit Score



Question 7
Pay yourself first means you should set up an amount for pocket money before paying bills.

O True
O False
Correct Answer
False




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