Dave Ramsey Personal Finance Chapter 2
Exam with Questions and Correct Answers/
Already Grade A+ (latest version)
Saving money over time for a large purchase. - Answer✔️✔️Sinking fund
When you're older and out of school, you'll need to grow your emergency fund into a full
three to six months' worth of expenses. - Answer✔️✔️True
Money today has different buying power than the same amount of money in the future. -
Answer✔️✔️Time value of money
The five steps to financial success - Answer✔️✔️Five Foundations
You should save money for three basic reasons: emergency fund, purchases and wealth
building. - Answer✔️✔️True
Using the sinking fund approach, how much do you have to save each month to buy a $4,800
car one year from now? - Answer✔️✔️$400
Americans typically maintain a very high savings rate. - Answer✔️✔️False
, Your income level greatly affects your savings habits. - Answer✔️✔️False
For which of the following should you save? - Answer✔️✔️All of the above
Saving is about: - Answer✔️✔️Contentment and emotion
The first thing you should save for is your retirement fund. - Answer✔️✔️False
Which of the following is a reason that people don't save money? - Answer✔️✔️All of the
above
Which of the following is not one of the three basic reasons for saving money? -
Answer✔️✔️Have money available to lend to friends
Why should interest earned not be a factor with your emergency fund? - Answer✔️✔️The
emergency fund is not intended to grow wealth.
The persistent rise in the cost of goods and services - Answer✔️✔️Inflation
Exam with Questions and Correct Answers/
Already Grade A+ (latest version)
Saving money over time for a large purchase. - Answer✔️✔️Sinking fund
When you're older and out of school, you'll need to grow your emergency fund into a full
three to six months' worth of expenses. - Answer✔️✔️True
Money today has different buying power than the same amount of money in the future. -
Answer✔️✔️Time value of money
The five steps to financial success - Answer✔️✔️Five Foundations
You should save money for three basic reasons: emergency fund, purchases and wealth
building. - Answer✔️✔️True
Using the sinking fund approach, how much do you have to save each month to buy a $4,800
car one year from now? - Answer✔️✔️$400
Americans typically maintain a very high savings rate. - Answer✔️✔️False
, Your income level greatly affects your savings habits. - Answer✔️✔️False
For which of the following should you save? - Answer✔️✔️All of the above
Saving is about: - Answer✔️✔️Contentment and emotion
The first thing you should save for is your retirement fund. - Answer✔️✔️False
Which of the following is a reason that people don't save money? - Answer✔️✔️All of the
above
Which of the following is not one of the three basic reasons for saving money? -
Answer✔️✔️Have money available to lend to friends
Why should interest earned not be a factor with your emergency fund? - Answer✔️✔️The
emergency fund is not intended to grow wealth.
The persistent rise in the cost of goods and services - Answer✔️✔️Inflation
