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EVERFI MODULE 3 – BUDGETING QUESTIONS WITH CORRECT ANSWERS

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Which of the following is NOT a good way to track your spending? - In your head - Notebook and pencil - Envelope method - Online software or app CORRECT ANSWER In your head What should be considered when setting a budget? CORRECT ANSWER Needs, wants, and savings Which choice or choices bes...

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FINANCING HIGHER EDUCATION EVERFI MODULE 6 QUESTIONS WITH CORRECT ANSWERS

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all of the following are true about why it is important to complete the free application for federal student aid (FAFSA) process EXCEPT: CORRECT ANSWER it allows you to be eligible for early admission what has the biggest impact on whether a 4-year university is affordable? CORRECT ANSWER the amo...

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INSURANCE EVERFI MODULE 7 QUESTIONS WITH CORRECT ANSWERS

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an example of a risk management strategy is... CORRECT ANSWER both a and c what is a risk management strategy you could use to protect your home? CORRECT ANSWER a and b how is having a security system for you home a risk management strategy? CORRECT ANSWER the security system will alert author...

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EVERFI LESSON 2: TAXES, INCOME AND EMPLOYMENT QUESTIONS WITH CORRECT ANSWERS

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W-4 CORRECT ANSWER A federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes. gig economy CORRECT ANSWER a flexible market that allows you to work short-term independent jobs net pay CORRECT ANSWER take home pay; the amount of a...

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CONSUMER SKILLS EVERFI MODULE 4 QUESTIONS WITH CORRECT ANSWERS

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which payment option takes money out of your bank immediately? CORRECT ANSWER debit card which forms of payment is linked to a bank account which limits the amount of money you can spend to balance your account? CORRECT ANSWER checks & debit cards which of the following is NOT be a warning sig...

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EVERFI TEST QUESTIONS WITH CORRECT ANSWERS

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A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily. - True - False CORRECT ANSWER - True Why is it important to reconcile your bank statements? - To avoid spending more than what is in your account. - To detect ...

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EVERFI module 1 questions with correct answers

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which of the following is NOT a common feature of a financial institution? CORRECT ANSWER access to investment products, investment trading, access to investment advice which of the following statements about check cashing companies is TRUE? CORRECT ANSWER they charge high fees which of the fo...

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EVERFI - Banking Basics questions with correct answers

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Investing is best for ________. a. long-term financial goals, like paying for retirement. b. earning a little interest while keeping your money safe c. guaranteed fast growth on your money d. short-term financial goals, like building an emergency fund. CORRECT ANSWER a How can you avoid s...

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EverFi Modules Questions with correct answers

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What is the typical relationship between time and interest rate? a) Longer time period usually equal higher interest rates b) Shorter time period usually equal higher interest rates c) Longer time periods usually have no affect on interest rates d) Shorter time periods usually have no affect on ...

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Banking Basics questions with correct answers

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Which of the following statements about check cashing companies is FALSE? a. They make it easy to fall into a loan cycle that is hard to get out of b. They offer bad deals where you'll owe a lot more than you borrowed c. They can take a percentage of your check on top of fees d. They charge l...

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