Package deal for EVERFI test 100% correct answers 2023

Everfi 1-5 exam questions & answers 2023The purpose of a budget is to help you plan what? how you will spend the money you earn or receive. What kind of bank account will help you most financially? a saving account that compounds daily will benefit you most financially. What accoun...

Everfi test questions with complete solutions 2023MISSED QUESTION rule of 72 how long will it take for your money to double 6% interest 12 years which statement is most correct asim spends more than she makes 00:24 01:11 which will most benefit you financially a savings a...

EverFi Questions and answers 2023 updatedQUESTION 1 Which of the following conditions will maximize the amount of interest you earn? A high interest rate and long time period A high interest rate and short time period A low interest rate and long time period A low interest rate and short time p...

EverFi Module 1 - Savings - Final Quiz Answers 2023Key * = correct answer You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Com...

coach moon everfi test with correct answers 2023use the "rule of 72" to calculate how long it will take for your money to double if it is earning 6% in interest *72/?* 12 years what type of interest will most benefit you financially? compound interest 00:16 01:11 examples...

EVERFI Test correctly answered 2023A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily. - True - False - True Why is it important to reconcile your bank statements? - To avoid spending more than what is in yo...

Everfi: Financial Literacy Questions and answers 2023What is the "Rule of 72"? a very close estimate for seeing how long it takes for an investment to double. You just divide 72 by the interest rate. If the interest rate is 8% you divide 72/8=9 Which type of compound interest will benefit ...

EverFi questions and answers 2023Decision making Considering different information to make a choice Privacy Keeping important information to yourself or between yourself and close family members Financial literacy The knowledge and skills to manage money Financial instituti...

EverFi Post test questions and answers latest 2023Which will most benefit you financially? A savings account that compound interest daily (Check all that apply) Which of the following are examples of types of savings vehicles? Certificate of deposit (CD) Money Market Account Savings Accou...

Everfi Test questions with correct answers 2023Rule of 72 Find your interest rate and divide it by 72 Interest Can be thought of as the cost of borrowing money. When you put your savings into a bank account, the bank pays you interest 00:02 01:11 Simple Interest Compounds ...

Everfi Test fully solved 2023/2024What are the different types of banking institutions? retail, credit union, online How is a checking account different than a savings account? savings account has lower liquidity How can you monitor your checking account balance and what are the ...

everfi test career prep questions & answers 2023Diversification is important in investing because... A. It helps you gain the highest rate of return despite any risks. B. It increases your overall risk, which guarantees that you will make more money. C. It helps you to balance your risk across di...

Everfi Final Exam study guide correctly answered 2023Interest the amount owed for borrowing money To earn as much interest as possible, you should open a savings account that earns _____ interest and has the ____ interest rate compound; highest You are opening a savings account tha...

EverFi Financial Final Exam Study Guide 2023 To earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest rate. a. compound; lowest b. compound; highest c. simple; lowest d. simple; highest a. compound; lowest Interest i...