Chapter 8 Test - Dave Ramsey
Authored by Judith Kitchens
Business, Life Skills
10th - 12th Grade
CCSS covered
Used 243+ times
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About
This quiz covers personal finance and investing, specifically focusing on investment fundamentals, retirement planning, and financial literacy concepts. The material is appropriate for grades 10-12, as evidenced by the sophisticated vocabulary, complex financial concepts, and practical applications that prepare students for adult financial decision-making. Students need a solid understanding of investment vehicles including stocks, bonds, mutual funds, and retirement accounts like 401(k)s, IRAs, and 403(b)s. They must grasp key principles such as diversification, liquidity, risk-return relationships, compound interest, and the Rule of 72. The quiz requires students to analyze investment scenarios, understand tax implications of different retirement vehicles, recognize appropriate uses for various investment types, and apply financial planning strategies. Students must also demonstrate knowledge of financial institutions, regulatory agencies like the SEC and IRS, and fundamental concepts like dividends, portfolios, and asset allocation. Created by Judith Kitchens, a Business teacher in the US who teaches grades 10 and 12. This comprehensive assessment serves as an excellent tool for evaluating student mastery of essential personal finance and investment concepts following completion of Dave Ramsey's curriculum materials. The quiz functions effectively as a chapter test, providing both formative and summative assessment opportunities through its mix of multiple-choice, true/false, and application questions. Teachers can use this assessment to gauge student understanding before moving to more advanced financial topics, as homework to reinforce classroom learning, or as review material before standardized assessments. The content directly supports standards such as NBEA Personal Finance Standard III (Saving and Investing) and CEE Personal Finance Standard 4 (Using Credit), while addressing key components of state financial literacy requirements that emphasize investment knowledge and retirement planning skills essential for college and career readiness.
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40 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Long-term investments, properly diversified, include the following mutual funds:
Growth, balanced, international, bond
Growth, growth and income, international, aggressive growth
International, bond, aggressive growth, growth
Growth, growth and income, bond, aggressive growth
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following is a good investment option?
Gold
Viaticals
Mutual Funds
Futures
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which statement is true about liquidity?
The more liquid an investment, the more return
The less liquid the investment, the less return
The more liquid an investment, the less return
Both A and B
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A reason that people need to save and invest is to:
Enable their money to make money
Increase the money supply
Be able to get anything they want
Have an opportunity to talk with financial service providers
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Company X's board of directors has decided to issue a portion of its earnings to its shareholders. If you own stock in Company X, you can expect to receive a(n):
Investment
Dividend
Buy-out
Yield
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Savings accounts and money-market accounts are most appropriate for:
Long-term investments like retirement
Earning a high rate of return
Emergency funds and short-term goals
Savings accounts and money-market accounts should be avoided since they carry high risk
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The benefit of diversification in your investment is:
Reduced risk
Increased return
Reduced tax liability
Increased risk
Tags
CCSS.HSS.MD.B.6
CCSS.HSS.MD.B.7
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