Dave Ramsey Introduction to Personal Finance Questions and Answers

Dave Ramsey Introduction to Personal Finance Questions and Answers Pre-Test and Post-Test Answers - Answer️️ -Question 1 through 35 1. Having debt keeps you from building wealth. - Answer️️ -True 2. An obligation of repayment owed by one party to a second party. - Answer️️ -Debt 3. A debt evidenced by a ʺnote,ʺ which specifies the principal amount, interest rate, and date of repayment.. - Answer️️ -Loan 4. The widespread financial insecurity of Americans is primarily because: - Answer️️ - The saving rate of Americans is low and many borrow in order to spend more than they earn 5. Which of the following statements best describes how Americans are being outsmarted by banks and other lenders? - Answer️️ -Credit is marketed so well that we desire to have it while completely dismissing the fact that interest rates and fees continue to destroy our financial well-being. 6. Which of the following is not a true statement? - Answer️️ -The credit industry in America has not changed much since 1917. 7. Which of the following is not a benefit of understanding your own money personality? - Answer️️ -Knowing your money personality allows you to excuse excessive spending because it is simply part of your nature.