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
Page 1 of 17
,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
Page 2 of 17
, 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
Page 3 of 17
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
Page 1 of 17
,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
Page 2 of 17
, 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
Page 3 of 17
