Dave Ramsey Final Exam SS

What is the difference in Gross Pay and Net Pay

• Gross pay describes your pay after deductions; net pay is before.

• Gross and net pay are the same.

• Net pay describes your pay after deductions; gross pay is before.

• None of above

The Government relies on Taxes to:

• Remind citizens of the government's power

• Burden the public with extra expense

• Pay for services such as roads, education and social services

• All the above

When applying for a job, you should:

• Follow up with the employer

• Present yourself well

• Provide a resume and cover letter

• All the above

When communicating with your parents about money, you should:

• tell them your money goals

• listen to what they have to say

• be honest about your intent

• all the above

When couples do not share the same money goals and values, what can happen?

• stress

• divorce

• fighting

• all the above

The benefits of diversifying your investments are:

• Reduced tax liability

• Reduced risk

• Larger return

• Larger risk

People need to save and invest because:

• their money can make them money

• put more money into circulation

• be able to buy what ever they want

• they can talk with service providers

When you buy and sell investments, you should not:

• understand the basics of your investment

• consider your investment time frame

• change your investment strategy based on market conditions

• learn all you can about investments

Well diversified portfolios include:

• Growth, balanced, international, bonds

• Growth, growth and income, international, aggressive growth

• International, bond, aggressive growth, growth

• Growth, growth and income, bond, aggressive growth

When you have an at fault accident, which part of your auto insurance pays for the other persons car and medical expenses?

• collision

• comprehensive

• liability

• underinsured motorist