CHAPTER 1 TEST DAVE RAMSEY 2 FINAL PAPER
2026 SOLVED QUESTIONS AND FULL
SOLUTION UPDATED
◉ 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
◉ A. Living paycheck to paycheck occurs when a person's income is
devoted to expenses, which means that little to no money is put in
savings.
Answer: What does living paycheck to paycheck mean?
A. Living paycheck to paycheck occurs when a person's income is
devoted to expenses, which means that little to no money is put in
savings
B. hen a person chooses to not deposit their paycheck, they are living
paycheck to paycheck
C. Living paycheck to paycheck is an expression used to describe a
situation when someone eagerly awaits their next paycheck to plan
for the month's expenses
◉ D. earning, budgeting, saving, spending, and giving affect your
money.
Answer: Making the right choices with your money—managing your
money—involves knowing how . . .
A. consumer decisions will affect your accounts
B. planning, saving, spending, and investing will define your financial
portfolio
C. To make bank deposits using registers with the appropriate
transactions listed
2026 SOLVED QUESTIONS AND FULL
SOLUTION UPDATED
◉ 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
◉ A. Living paycheck to paycheck occurs when a person's income is
devoted to expenses, which means that little to no money is put in
savings.
Answer: What does living paycheck to paycheck mean?
A. Living paycheck to paycheck occurs when a person's income is
devoted to expenses, which means that little to no money is put in
savings
B. hen a person chooses to not deposit their paycheck, they are living
paycheck to paycheck
C. Living paycheck to paycheck is an expression used to describe a
situation when someone eagerly awaits their next paycheck to plan
for the month's expenses
◉ D. earning, budgeting, saving, spending, and giving affect your
money.
Answer: Making the right choices with your money—managing your
money—involves knowing how . . .
A. consumer decisions will affect your accounts
B. planning, saving, spending, and investing will define your financial
portfolio
C. To make bank deposits using registers with the appropriate
transactions listed
