- Study guides, Class notes & Summaries

EVERFI Module 3 Budgeting (2024/25); Questions with Complete Solutions Which of the following is a benefit of using a budget? All of the above Which of the following is NOT a benefit of using a budget? A budget can help you purchase anything you want. Why is using a budget beneficial? All of the above Which of the following should NOT be considered when setting a current budget? Future income Which of the following should you consider when setting a budget? All of the above

EVERFI Module 2 Income & Employment (2024/25); Questions with Complete Solutions Generally, the more education you receive, the higher your lifetime earnings will be. True There is no relationship between the level of education received and lifetime earnings. False For most careers, which degree will most likely result in the highest lifetime earnings? Bachelor’s Degree What is net pay? The amount of money you’re paid after all taxes and deductions

EVERFI Module 1 Banking Basics (2024/25); Questions with Complete 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

EVERFI Module 7 Insurance (2024/25); Questions with Complete Solutions 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

EVERFI Module 6 Financing Higher Education (2024/25); Questions with Complete Solutions Making the choice to spend money on post-secondary education pays off in the long run because: The salary you will earn with a degree will pay back the cost of college over your career. What are the benefits of attending a local community college? All of the above

EVERFI Module 5 Managing Credit and Debt (2024/25); Questions with Complete Solutions Using a loan could help with the purchase of which of the following? A house When are loans a good option to use? When paying for higher education What should you NOT use a loan to purchase? Airline tickets to your dream vacation Which item is important to consider when selecting a credit card? Both APR and fees

Everfi Module 4 (2024/25); Questions with Complete Solutions 1. Which of the following statements about credit scores is TRUE? a. Credit scores reflect how likely individuals are to repay their debts. b. Credit scores range from the low 300’s to the mid 800’s. c. Each person has three credit scores. d. All of the above. 2. Which of the following statements are TRUE about credit scores? A. Credit scores reflect how likely individuals are to repay their debts. B. Only the credit bur...

EVERFI Module 4 Consumer Skills (2024/25); Questions with Complete Solutions Making a good purchasing decision requires __. All of the above When you are deciding what to buy, you should… compare the unit price of items similar to the one you want. What is one of the best ways to get reliable information about a product? Search online reviews Which example shows an advantages of owning a car over leasing one? No restrictions on the number of miles to drive and the ability to customi...

Everfi Choosing a Path Lesson 3 Answers.