
Quiz on 'I Will Teach You to Be Rich'

Quiz
•
Mathematics
•
9th - 12th Grade
•
Easy
+29
Standards-aligned
Scott Clifton
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the primary focus of Chapter 1 in "I Will Teach You to Be Rich"?
Investing in the stock market.
Optimizing credit card usage.
Building an emergency fund.
Purchasing real estate.
Tags
CCSS.RI.K.6
CCSS.RI.9-10.9
CCSS.RI.11-12.9
CCSS.RL.K.6
CCSS.RL.9-10.9
2.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
According to Chapter 1, how can individuals benefit from credit cards?
By using them to build credit and earn rewards.
By avoiding them entirely to prevent debt.
By maxing out credit limits for large purchases.
By paying only the minimum balance each month.
Tags
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
CCSS.RI.11-12.5
3.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What strategy does Sethi recommend for managing credit card payments?
Paying only the minimum amount due.
Paying the full balance each month to avoid interest.
Skipping payments occasionally to save money.
Transferring balances between multiple cards.
Tags
CCSS.RI.4.5
CCSS.RI.5.5
CCSS.RI.9-10.5
CCSS.RI.3.3
CCSS.RI.5.3
4.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
In Chapter 1, what does Sethi suggest about credit card fees?
They are unavoidable and should be accepted.
They can often be negotiated or waived by contacting the credit card company.
They are beneficial for building credit.
They should be ignored as they are insignificant.
Tags
CCSS.RI.4.9
CCSS.RI.5.9
CCSS.RI. 9-10.2
CCSS.RL.5.2
CCSS.RL.6.2
5.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is one of the key takeaways from Chapter 1 regarding credit cards?
To avoid using credit cards to prevent debt accumulation.
To close unused credit card accounts to improve credit score.
To use credit cards for all purchases regardless of interest rates.
To leverage credit cards responsibly to build credit and earn rewards.
Tags
CCSS.RI.11-12.2
CCSS.RL.4.2
CCSS.RL.5.2
CCSS.RL.7.2
CCSS.RL.8.2
6.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the main topic of Chapter 2 in "I Will Teach You to Be Rich"?
Investing in real estate.
Beating the banks by opening high-interest, low-hassle accounts.
Starting a side business for additional income.
Understanding the stock market.
Tags
CCSS.RI.11-12.9
CCSS.RL.K.6
CCSS.RL.9-10.9
CCSS.RL.11-12.9
CCSS.RI.K.6
7.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
According to Chapter 2, why is it important to choose high-interest savings accounts?
To minimize the risk of losing money.
To avoid paying taxes on interest earned.
To maximize the growth of your savings through higher returns.
To have easier access to funds for daily expenses.
Tags
CCSS.RI.K.5
CCSS.RI.2.5
CCSS.RI.3.5
CCSS.RI.4.5
CCSS.RI.5.5
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