Dave Ramsey Ch 12 Test

Dave Ramsey Ch 12 Test

12th Grade

30 Qs

quiz-placeholder

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Dave Ramsey Ch 12 Test

Dave Ramsey Ch 12 Test

Assessment

Quiz

Life Skills

12th Grade

Medium

Created by

Whitley Hart

Used 17+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is The Fifth Foundation?

Pay cash for your home

Build wealth and give.

Save for retirement

Pay cash for college

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A security that represents part ownership of a company is called a(n) ____.

Stock

Bond

Certificate of Deposit

Annuity

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When you invest in a mutual fund, you are contributing to a pool of money that will be...

Given to hundreds of local charities in your area

Taxed based on each individual investor's annual salary

Invested in a mix of stocks, bonds, and money market accounts

Put into a seperate savings account for your children to inherit someday

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Diversification reduces your ____ by using a mix of investment types in your portfolio.

Income

Retirement funds

Risk

Mutual Funds

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

______ is the cure for ____

Investing wisely; estate planning

Love; the income gaps in our society

Certificate of Deposit

Selfishness; thinking of others first

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

______ is the process of figuring out how much money you'll need in retirement and creating a plan to get there.

Investment banking

Outrageous generosity

Retirement planning

Retirement accounting

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Before you invest, you should make sure a mutual fund has done well for 5-10 years.

True

False

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