Final Exam Dave Ramsey | 100% Correct
Answers | Verified | Latest 2024 Version
Getting the best deal on a purchase involves doing all of the following except: - ✔✔Being first in line for a
new product
Which of the following is typically NOT a good place to find a deal? - ✔✔Mall
Which of follow describes why using cash is a great bargaining tool? - ✔✔All of the above
Joe tries to bargain at an electronics store but is unable to negotiate the price down. What should be his
next step? - ✔✔Walk away
Which of the following statements is false? - ✔✔Your choices as a consumer have no impact on the
larger social environment.
Which of the following is true about the "if I" take-away technique - ✔✔This technique involves
negotiating the lowest price possible, then throwing something else into the deal.
"the lucky seven" rules can get you incredible deals on the stuff you buy every day, but they only work if
you: - ✔✔Use them
The Federal Trade Commission found that people who reported having more dept than they could
handle were more likely to be victims of consumer fraud involving: - ✔✔Credit repair and debt
consolidation
Which of the following is NOT recommended when selling something you own? - ✔✔Find an uninformed
buyer and charge the highest price possible.
Store return policies must balance customer service and profits. As a consumer, to ensure the best
possible store return process, you should: - ✔✔All of the above
, Which of the following is NOT recommended if you are are trying to make your money go further? -
✔✔Buying only name-brand prodeucts
When buying things at an auction, it is important that you: - ✔✔All of the above
Which of the following statements is false? - ✔✔A great deal often just happens by accident.
Which of the following is a good option? - ✔✔Mutual funds
A savings account sold by an insurance company, designed to provide payments to the holder at
specified intervals, usually after retirement. - ✔✔annuity
Savings accounts and money-market accounts are most appropriate for - ✔✔Emergency funds and short-
term goals
which statement is true about liquidity? - ✔✔The more liquid an investment, the less return.
A reason that people need to save and invest is to: - ✔✔Enable their money to make money.
Company X's board of directors has decided to issue a portion of it's earnings to its shareholders. If you
own stock in company X, you can expect to receive a (n): - ✔✔Dividend
When buying and selling investments, you should not: - ✔✔Switch your investment strategy often, based
on market conditions.
Long-term investments, properly diversified, include the following mutual funds: - ✔✔Growth, growth
and income, international, aggressive growth
Answers | Verified | Latest 2024 Version
Getting the best deal on a purchase involves doing all of the following except: - ✔✔Being first in line for a
new product
Which of the following is typically NOT a good place to find a deal? - ✔✔Mall
Which of follow describes why using cash is a great bargaining tool? - ✔✔All of the above
Joe tries to bargain at an electronics store but is unable to negotiate the price down. What should be his
next step? - ✔✔Walk away
Which of the following statements is false? - ✔✔Your choices as a consumer have no impact on the
larger social environment.
Which of the following is true about the "if I" take-away technique - ✔✔This technique involves
negotiating the lowest price possible, then throwing something else into the deal.
"the lucky seven" rules can get you incredible deals on the stuff you buy every day, but they only work if
you: - ✔✔Use them
The Federal Trade Commission found that people who reported having more dept than they could
handle were more likely to be victims of consumer fraud involving: - ✔✔Credit repair and debt
consolidation
Which of the following is NOT recommended when selling something you own? - ✔✔Find an uninformed
buyer and charge the highest price possible.
Store return policies must balance customer service and profits. As a consumer, to ensure the best
possible store return process, you should: - ✔✔All of the above
, Which of the following is NOT recommended if you are are trying to make your money go further? -
✔✔Buying only name-brand prodeucts
When buying things at an auction, it is important that you: - ✔✔All of the above
Which of the following statements is false? - ✔✔A great deal often just happens by accident.
Which of the following is a good option? - ✔✔Mutual funds
A savings account sold by an insurance company, designed to provide payments to the holder at
specified intervals, usually after retirement. - ✔✔annuity
Savings accounts and money-market accounts are most appropriate for - ✔✔Emergency funds and short-
term goals
which statement is true about liquidity? - ✔✔The more liquid an investment, the less return.
A reason that people need to save and invest is to: - ✔✔Enable their money to make money.
Company X's board of directors has decided to issue a portion of it's earnings to its shareholders. If you
own stock in company X, you can expect to receive a (n): - ✔✔Dividend
When buying and selling investments, you should not: - ✔✔Switch your investment strategy often, based
on market conditions.
Long-term investments, properly diversified, include the following mutual funds: - ✔✔Growth, growth
and income, international, aggressive growth
