Everfi mo Study guides, Class notes & Summaries

what is interest - pay extra for the convenience of borrowing money what is compounding frequency - how often your money is compounded what is the rule of 72 - tells you how long it will take for your money to double 3 types of savings vehicles - savings account, money market account, certificate of deposit what is a budget - plan for your money job of the federal reserve system - oversees the nation's system of money and credit parts of the federal reserve system - 12 regional reserve ba...

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 interest rates - a) Longer time period usually equal higher interest rates Interest is: a) a charge for lending money to a bank b) the amount owed for borrowing money c) the amount added into you...

Everfi module 1-9 | 100% Correct Answers | Verified | Latest 2024 Version

EVERFI Module 7 Insurance Questions and Answers 100% pass Wearing a seat belt, not texting when driving, and driving carefully are all examples of… risk management strategies. Which is not an example of a risk management strategy? Buying a new car What should you NOT use a loan to purchase? Airline tickets to your dream vacation How is having a security system for your home a risk management strategy? The security system will alert authorities and deter criminals, protecting your val...

EverFi Modules Questions | 100% Correct Answers | Verified | Latest 2024 Version 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 interest rates - a) Longer time period usually equal higher interest rates Interest is: a) a charge for lending ...

Wearing a seat belt, not texting when driving, and driving carefully are all examples of… risk management strategies. Which is not an example of a risk management strategy? Buying a new car What should you NOT use a loan to purchase? Airline tickets to your dream vacation How is having a security system for your home a risk management strategy? The security system will alert authorities and deter criminals, protecting your valuables and property.

Which of the following typically have the highest auto insurance premiums? Young, inexperienced drivers Why might you complete a 1040 instead of a 1040EZ? You own a home

EVERFI Module 1 Banking Basics Questions and Answers with Verified Solutions Which of the following is NOT a common feature of a financial institution? Access to investment products; Investment trading; Access to investment advice Which of the following statements about check cashing companies is TRUE? They charge high fees. Which of the following financial institutions typically have the highest fees? Check cashing and payday loan companies Which of the following statements about check...

Which of the following is NOT a common feature of a financial institution? Access to investment products; Investment trading; Access to investment advice Which of the following statements about check cashing companies is TRUE? They charge high fees. Which of the following financial institutions typically have the highest fees? Check cashing and payday loan companies Which of the following statements about check cashing companies is FALSE? They charge low fees.

Everfi Module 4 Answers