Everfi test 2023 - Study guides, Class notes & Summaries

EVERFI MODULE 4- CONSUMER SKILLS TEST ANSWERS 2023 Which method of payment actually is a form of borrowing money that needs to be paid back later? Which of the following is NOT an advantage of owning a car? When you are deciding what to buy, you should... Which of the following is NOT a useful strategy when making an informed purchase? Which fact supports the idea that renting is a good option for living in a place for a short period of time? Which of the following is NOT b...

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 risks of spending more money than you have? monitor online What is interest? How is interest different from compound interest? interest= the fee someone pays to be able to borrow money diff...

EVERFI Final Test 2023 Questions and Answers (Verified Answers)

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 different investment types. D. It ensures that you only make low-risk investments. C. It helps you to balance your risk across different investment types. The main trade-off that all investors ...

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 your account. - To detect any errors in your account. - To determine if you were charged any fees. - All of the above - All of the above Which of the following statements about savings acco...

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 Account Use the Rule of 72 to calculate how long it will take for your money to double if it's earning 6% in interest: 12 yrs Using the following chart: If Asim earns $250 per month. Whic...