Exam (elaborations)
6 Everfi Future Smart: Your Financial Future Exam/21 Questions with Answers
- Course
- Institution
6 Everfi Future Smart: Your Financial Future Exam/21 Questions with Answers
[Show more]
Content preview
6 Everfi Future Smart: Your FinancialFuture Exam/21 Questions with Answers
Premium - -The amount you pay your insurance company for coverage. It is usually paid each month. -Deductible - -The amount you are required to pay for the year before your insurance covers any cost. -Copay - -A fee you pay for medical service, each time you visit the doctor's
office not covered by insurance. Sometimes called an "Out of pocket" expense. -Security deposit - -Money you pay when you rent an apartment to pay for any damage. If there is no damage when you leave, you get your money back. -Renters Insurance - -Insurance that will pay for all your stuff in an apartment if something bad happens. -401k or 403b - -A retirement account where you pay from your paycheck before taxes and where your employer matches up to 3%. -IRA - -An Individual Retirement Account. Your employer does not match your funds. -Risk - -How likely it is that you will lose money on an investment -Return - -How much money you can earn from an investment -Diversification - -Your portfolio includes a mix of investments of different risk levels -Savings accounts - -Safe way to store money. Pays interest and is insured by the FDIC or NCUA. -Bond - -A loan to a company or government -Stock - -A small piece of ownership in a company. Highest risk investment. -Mutual Fund - -A mix of different investments, like stocks and bonds. This is
a moderately safe method of investing over a long period of time. -Stock exchange - -A place to trade stocks
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursephil2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81531 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now