Ramsey Chapter 4 Review
Authored by DAVID Barney
Other, Life Skills
9th - 12th Grade
Used 26+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a credit score measure?
How much money you have
How well you pay off debt
How well you budget your money
When you can retire
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who pays the highest interest rates on credit cards?
Rich people
Old people
Young people
Poor people
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the 4th Foundation?
Build Wealth and Give
Pay Cash for College
Get Out and Stay Out of Debt
Pay Cash for a Car
4.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
A home equity line of credit (HELOC) can be used for:
Home repairs or renovations
Anything you want!
Buying a new car
Paying off credit card debt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is your greatest tool for building wealth?
Your credit score
Credit cards
The stock market
Your Income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the 3rd Foundation?
Build Wealth and Give
Pay Cash for College
Get Out and Stay Out of Debt
Pay Cash for a Car
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of loan requires collateral?
Unsecured loan
Secured loan
Revolving credit
Installment credit
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