Ramsey Certification

Student loans are dangerous because they can _____ your options on what you want to do in life

• Eliminate

• Increase

• Limit

• None of the above

An agreement in which a policy holder transfers the financial risk for potential losses to another party in exchange for a fee

• 401(K)

• Deductible

• Insurance Policy

• Savings account

A federally recognized, tax-exempt organization such as a church, hospital, charity, or school that serves the public in some capacity is called a(n)

• Trust building

• Nonprofit Organization

• Federal Building

• Tax-free organization

A fee that a bank, credit card, or other lender charges for the opportunity to purchase something and pay for it over time

• Finance rate

• Dividend

• Interest

• Credit

Saving is for the _________-term; investing is for the __________-term

• Short; Long

• Long; Short

• Mid; Final

• Loan; Interest

The total amount an employee is paid along with any non-wage benefits an employee receives is called

• Tuition

• Career

• Withholding

• Compensation

This type of expense changes in dollar amount every month. Examples include utility bills and groceries.

• Variable Expense

• Intermittent Expense

• Discretionary Expense

• Fixed expense

Which of the following is the most cost-effective way to complete your first two years of college

• Public four year out of state college

• Private four year college

• Public two year college (community)

• Public four year in state college

The biggest difference between a debit card and a credit card is

• Credit cards allow you to make online purchases; debit cards do not

• A debit card only allows you to use the money you already have in the bank

• A credit card shows the world that you are a grown-up with money

• Credit cards can be used to rent cars; debit cards cannot

A credit score is really a(n)

• "I love debt" score

• The only way you can be sure that you can get a mortgage loan

• Reliable way to know whether or not you are winning with money

• All of the above