Ramsey Classroom Ch. 3 Post Test Exam
2026 Questions and Answers 100% Pass
Guaranteed
False - Correct answer-In order to outpace inflation when investing, your
investments need to have a lower rate of return than the rate of inflation.
Compound growth - Correct answer-_______ is a millionaire's best friend.
A savings account or money market account - Correct answer-The only place you
should keep your emergency fund money is...
Compound growth - Correct answer-Compound interest is earned at a fixed rate,
while ________ is an average based on an investment's past performance.
Consistently investing money and patience to give it time to grow - Correct
answer-Which two habits are the most important for building wealth and becoming
a millionaire?
To have cash on hand for unexpected events - Correct answer-What is the goal of
an emergency fund?
©COPYRIGHT 2025, ALL RIGHTS RESERVE 1
, False - Correct answer-90% of millionaires make over $100,000 a year.
Save it until you have an emergency - Correct answer-Once you have a $500
emergency fund, you should . . .
By showing you only the monthly payment, they make the product seem
affordable. - Correct answer-Why do stores rarely advertise the full price of big
purchases like smartphones?
True - Correct answer-If people saved the equivalent of a car payment each month
for a year or two (instead of spending it on payments and interest), they could have
enough money to buy a car with cash for much cheaper!
3-6 months of living expenses - Correct answer-Once you're out of school, have
started your career, and have zero debt, your emergency fund should have
_________.
Emergencies, large purchases, and wealth building - Correct answer-The main
reasons for saving your hard-earned money are...
Live on less than you make - Correct answer-If you really want to save money,
you've got to . . .
The time value of money - Correct answer-Which principle says that a certain
amount of money today is worth more than the same amount in the future?
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
2026 Questions and Answers 100% Pass
Guaranteed
False - Correct answer-In order to outpace inflation when investing, your
investments need to have a lower rate of return than the rate of inflation.
Compound growth - Correct answer-_______ is a millionaire's best friend.
A savings account or money market account - Correct answer-The only place you
should keep your emergency fund money is...
Compound growth - Correct answer-Compound interest is earned at a fixed rate,
while ________ is an average based on an investment's past performance.
Consistently investing money and patience to give it time to grow - Correct
answer-Which two habits are the most important for building wealth and becoming
a millionaire?
To have cash on hand for unexpected events - Correct answer-What is the goal of
an emergency fund?
©COPYRIGHT 2025, ALL RIGHTS RESERVE 1
, False - Correct answer-90% of millionaires make over $100,000 a year.
Save it until you have an emergency - Correct answer-Once you have a $500
emergency fund, you should . . .
By showing you only the monthly payment, they make the product seem
affordable. - Correct answer-Why do stores rarely advertise the full price of big
purchases like smartphones?
True - Correct answer-If people saved the equivalent of a car payment each month
for a year or two (instead of spending it on payments and interest), they could have
enough money to buy a car with cash for much cheaper!
3-6 months of living expenses - Correct answer-Once you're out of school, have
started your career, and have zero debt, your emergency fund should have
_________.
Emergencies, large purchases, and wealth building - Correct answer-The main
reasons for saving your hard-earned money are...
Live on less than you make - Correct answer-If you really want to save money,
you've got to . . .
The time value of money - Correct answer-Which principle says that a certain
amount of money today is worth more than the same amount in the future?
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
