Dave Ramsey Test 100% Correct Answers Verified Latest 2024 Version
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Dave Ramsey Test | 100% Correct
Answers | Verified | Latest 2024 Version
Spread around the risk. - Diversification
Degree of uncertainty of the return on an investment. - Risk
Risk goes up, return goes up - Risk return ratio
Imagine that the interest rate on your savings account is 1 percent a...
Dave Ramsey Test | 100% Correct
Answers | Verified | Latest 2024 Version
Spread around the risk. - ✔✔Diversification
Degree of uncertainty of the return on an investment. - ✔✔Risk
Risk goes up, return goes up - ✔✔Risk return ratio
Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a
year. After one year, would the money in the account buy more than it does today, exactly the same or
less than today? - ✔✔Less than it does today
Increasing your 401k deduction will __________ your gross pay. - ✔✔Not change
Always check this record when investing. - ✔✔5-10 year track record
Piece of ownership in company stock - ✔✔Share
List of your investments - ✔✔Portfolio
Liquidity means to spread around and lower risk. - ✔✔False
Buying a single company's stock usually provides a safer return than a stock mutual fund. - ✔✔False
A single stock is the best place to keep your emergency fund. - ✔✔False
A certificate of deposit is the best place to keep an emergency fund. - ✔✔False
, Diversification lowers your risk when investing. - ✔✔True
What is the KISS rule of investing? - ✔✔Keep it simple stupid
How much money did John pay in Federal taxes, excluding Medicare and Social Security? - ✔✔$153.20
(Federal Withholding)
A savings account with a certificate is a: - ✔✔C.D.
Baby steps 1&3 have to do with: - ✔✔Both a and b (emergency fund and getting out of debt)
You should save for the following: - ✔✔All of the above (Emergency fund, purchases, wealth building)
How many baby steps are there? - ✔✔7
Interest is money paid to a saver by a financial institution. - ✔✔True
Dave's 80/20 rule says when it comes to money, 80% is head knowledge and 20% is behavior - ✔✔False
The _______IRA grows tax-free - ✔✔Roth
Which is not a benefit of the Roth IRA? - ✔✔Unlimited contributions
Pre-tax means the government is letting you invest money before taxes have been taken out. - ✔✔True
An IRA is a specific type of investment. - ✔✔False
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