Dave Ramsey Foundations In Personal Finance Final Exam Answers (2022)

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    Please refer to your copy of each of the Chapter Reviews at the end of each chapter in your class workbook.. Any Make-Up work must be turned in by p. They are also listed below by Chapter. Explain the 3 basic reasons for saving money. Identify the benefits of having an Emergency Fund. Demonstrate how compound interest works and understand the impact of rate of return. Explain the KISS rule of investing. Examine the relationship between diversification and risk.


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    Explain how money is active: Money is always moving and can be utilized in many ways. Analyze reasons why people do not do a budget. Examine common problems associated with budget failures. Explain the benefits of a budget. Demonstrate how to complete a zero-based budget. Demonstrate how to correctly write a check. Activity Sheets 7. Demonstrate how to reconcile a bank statement. Explain the proper use of various budget forms in the chapter Pgs. Explain why you should be honest when negotiating. Analyze and use the three keys to getting a bargain. Describe the seven basic rules of negotiating. List places to find a great deal. Explain the difference between commissions and allowances. Describe the general differences that exists between men and women as they relate to money. Evaluate the importance of doing a budget together when married, and also when single. Identify your personal strengths and weaknesses. Evaluate the role of a cover letter, resume, and interview.


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    Explain why insurance is an essential part of a healthy financial plan and what the purpose of insurance is. Understand the importance of Disability Insurance. Evaluate the reasons why Life Insurance is not an investment. List the various types of insurances to avoid. Describe the steps to maximize the sale of a home. Examine what to look for when purchasing a home. Identify the pros and cons of renting versus owning. Compare and contrast a year mortgage to a year mortgage. Examine the role of owners and managers with our finances.


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    (Video) Ramsey CH 8 Video 1.1

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1. Dave Ramsey Chapter 4 Sect 1
(Steve Durant)
2. Chapter-1 Intro to Personal Finance
(Jeff Carroll)
3. Ramsey CH 8 Video 2.2
(Dion Flaming)
4. ALL-NEW Foundations in Personal Finance High School Curriculum
(Dave Ramsey)
5. Best Personal Finance Courses [FREE] You Should Consider | Top 5 Money Management Courses
(Business Snap)
6. Chapter 2 Savings
(Jeff Carroll)

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