Everfi assessment - Study guides, Class notes & Summaries

Which type of financial institution is the best choice for someone that wants a bank that offers checking, savings, and doesn't offer nationwide ATM's? Credit Union If you are planning on saving money over a long period of time what type of interest do you need? compound interest because it will pay interest on the original deposit plus interest earned over time The total of amount of money earned after taxes and deductions are taken out of your paycheck. Net Income What is this form ...

Everfi Investment Game Post-Assessment Exam Latest @ 2023...

Which type of financial institution is the best choice for someone that wants a bank that offers checking, savings, and doesn't offer nationwide ATM's? Credit Union If you are planning on saving money over a long period of time what type of interest do you need? compound interest because it will pay interest on the original deposit plus interest earned over time The total of amount of money earned after taxes and deductions are taken out of your paycheck. Net Income What is this form ...

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 Which of these items is NOT important to consider when selecting a credit card?The look of the credit card Annual Percentage Rate (APR), credit limit, and penalties and fees ...

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 customize, or make changes to the car. Which of the following is NOT an advantage of o...

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. Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. What is his best option for affording a Bachelor’s Degree? He can attend the local community college whose courses transfe...

Which of the following is NOT a common feature of a financial institution? Access to investment products; Investment trading; 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 con...

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 are taken out of your paycheck. Net pay is NOT __. Your gross pay plus any bonuses. The amount of money you’re...

Which type of financial institution is the best choice for someone that wants a bank that offers checking, savings, and doesn't offer nationwide ATM's? Credit Union If you are planning on saving money over a long period of time what type of interest do you need? compound interest because it will pay interest on the original deposit plus interest earned over time The total of amount of money earned after taxes and deductions are taken out of your paycheck. Net Income What is this form ...

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 bureaus know exactly how credit scores are calculated. C. Both A & ...