CHAPTER 1 TEST DAVE RAMSEY 2 ACTUAL
SCRIPT 2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS GRADED A+
◉ B. keep managing your money as a priority.
Answer: As a single adult, you should
A. Never seek financial advice from others
B. keep managing your money as a priority
C. beware of planned and budgeted buying
D. Seek a financial counselor or advisor by age 25
◉ A. You can make it a habit to plan and set goals for your money.
Answer: What is the best way to avoid running out of money too
quickly
A. You can make it a habit to plan and set goals for your money
B. You can avoid making any purchases for the next 30 days
C. You can put your money in a safe place
D. You can invest in college
◉ A. To promote economic recovery and social reform.
,Answer: Franklin D. Roosevelt passed the New Deal because of the
Great Depression in the 1930s. What was the purpose of this
program?
A. To promote economic recovery and social reform
B. To create a borrowing system within the country
C. To divide the national budget in half and distribute it
◉ True.
Answer: T/F It is possible to pay for college with cash.
◉ C. Build wealth and give.
Answer: What is The Fifth Foundation?
A. Pay cash for your car
B. Get out and stay out of debt
C. Build wealth and give
◉ A. a personal financial action plan.
Answer: What are The Five Foundations?
A. a personal financial action plan
B. a financial literacy technique
C. a common conclusion for debt
, ◉ True.
Answer: T/F Avoiding debt can lead to financial freedom and hope.
◉ A. The Student Loan Marketing Association (SLMA).
Answer: In 1972, what association made borrowing money to attend
college much easier than it had been?
A. The Student Loan Marketing Association (SLMA)
B. The Student Loan Association (SLAA)
C. The Federal Student Approval Association (FSAA)
◉ A. specific, measurable, time-sensitive, yours, and written.
Answer: When you set financial goals, they should be . . .
A. specific, measurable, time-sensitive, yours, and written
B. Only time sensitive
C. Timely, bank-based, specific, and yours
◉ C. assets.
Answer: To know your net worth, subtract your liabilities from your
A. other liabilities
B. net income
C. assets
SCRIPT 2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS GRADED A+
◉ B. keep managing your money as a priority.
Answer: As a single adult, you should
A. Never seek financial advice from others
B. keep managing your money as a priority
C. beware of planned and budgeted buying
D. Seek a financial counselor or advisor by age 25
◉ A. You can make it a habit to plan and set goals for your money.
Answer: What is the best way to avoid running out of money too
quickly
A. You can make it a habit to plan and set goals for your money
B. You can avoid making any purchases for the next 30 days
C. You can put your money in a safe place
D. You can invest in college
◉ A. To promote economic recovery and social reform.
,Answer: Franklin D. Roosevelt passed the New Deal because of the
Great Depression in the 1930s. What was the purpose of this
program?
A. To promote economic recovery and social reform
B. To create a borrowing system within the country
C. To divide the national budget in half and distribute it
◉ True.
Answer: T/F It is possible to pay for college with cash.
◉ C. Build wealth and give.
Answer: What is The Fifth Foundation?
A. Pay cash for your car
B. Get out and stay out of debt
C. Build wealth and give
◉ A. a personal financial action plan.
Answer: What are The Five Foundations?
A. a personal financial action plan
B. a financial literacy technique
C. a common conclusion for debt
, ◉ True.
Answer: T/F Avoiding debt can lead to financial freedom and hope.
◉ A. The Student Loan Marketing Association (SLMA).
Answer: In 1972, what association made borrowing money to attend
college much easier than it had been?
A. The Student Loan Marketing Association (SLMA)
B. The Student Loan Association (SLAA)
C. The Federal Student Approval Association (FSAA)
◉ A. specific, measurable, time-sensitive, yours, and written.
Answer: When you set financial goals, they should be . . .
A. specific, measurable, time-sensitive, yours, and written
B. Only time sensitive
C. Timely, bank-based, specific, and yours
◉ C. assets.
Answer: To know your net worth, subtract your liabilities from your
A. other liabilities
B. net income
C. assets
