Dave Ramsey, Final True and false.
Henry Ford and J.C. Penney were pioneers of the use of credit.
False
If we used a race analogy to describe building wealth, it would be most like a sprint.
False
Most often identity theft is committed by strangers.Most often identity theft is committed by strangers.
False
Not every state has FICA tax withholdings
False
Personal finance is 20% behavior, 80% head knowledge.
False
Term life insurance is more expensive because it funds a savings plan.
False
The envelope system includes using credit cards for emergencies.
False
The fastest growing group of bankruptcy filers is senior citizens.
False
The purpose of insurance is to increase your investments.
False
There are two major credit bureaus: TransUnion and Experian.
False
With all investments, as the risk goes up, the return goes down.
False
You do not need renter's insurance if you live in a dorm at college
False
You need a credit card in order to rent cars and check in to hotels.
False
Your first Baby Step is to pay off all of your debt.
False
Your salary is the most important motivation for working.
False
A good age to open a checking account is between the ages of 13 and 15.
True
Diversification means to spread around.
True
In order to have a FICO score, you must have debt.
True
Increasing your deductible usually decreases the premium.
True
Men and women have different views about money.
True
Never Buy something you don't fully understand.
True
Rate of return matters when it comes to compound interest.
True
Spending cash is more painful than using a debit card.
True
The average mutual fund has anywhere from 90-200 companies in it.
True
The number one cause of divorce in this country is money issues.
True
There are two parts to FICA: Medicare and Social Security
True
There is no interest charged on debit card purchases
True
