• Some states don’t collect income tax, Taxes at the local, state and federal level are all equal (correct answer), Insurance can help you: • minimize monthly expenses • protect against unexpected accidents • reduce the chances of getting into an accident • cover all out‐of‐pocket costs, protect against unexpected accidents (correct answer), When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is the _______. Copy and Edit. (correct answer), The return on investment (ROI) from education is typically the highest for: • A high school graduate • A college applicant • Someone with a 2‐year (Associate) degree • Someone with a 4‐year (Bachelor’s) degree, Someone with a 4‐year (Bachelor’s) degree (correct answer), Which loan type requires you to make loan payments while you’re attending school? • $200 • $500 • $700 • $900, Jan pays $70 each month for her auto insurance policy. • Credit scores reflect how likely individuals are to repay their debts. ... medical insurance, life insurance, disability insurance, and retirement plans. • Provide only your name and account number. Three out of five U.S. school districts use EVERFI’s digital resources to teach topics like financial education, social emotional learning, and career readiness. • Both A & B, The best way to ensure the accuracy and safety of your accounts is to: • Monitor your online accounts regularly • Shred your paper account statements weekly • Balance your checkbook annually • Call your customer service center daily, Which of the following represent typical account fees? • You opened several new credit cards last week. Pay the minimum balance each month • Hang up and call back using the bank’s official phone number. Review your recent credit card statements. Which best describes the difference between stocks and bonds? • You use a large percentage of your credit limit. • Throw them out in a neighbor’s trash. • A portfolio made up of 60% stocks, 30% mutual funds, and 10% Treasury bonds. 4. Looking for all of the Everfi financial and accounting questions and answers? • Keep most of your savings in your checking account • Put aside money for savings each month • Choose the savings account with the lowest interest rate • Putting anything you can’t afford on your credit card, Which of the following is a unique feature of credit unions? Which of the following options will require you to pay back any money you receive? (correct answer), Which of the following are costs associated with owning a car? • Purchase a home in the city center instead. Credit bureaus, also called credit agencies or credit reporting agencies, are companies that collect credit, annual right of a person to check their reports for all three credit bureaus report for mistakes, Money you owe to someone or to an institution like a bank or credit card company. • There is no relationship between risk and return. Interest is: Q. Tamara has $500 she is looking to save for a class trip. Think about a career you’re interested in and list the classes you can take that would help you fi nd out if the career is a good fi t … The best way to investigate fraudulent transactions on your credit card is to: • Keep track of your monthly budget. Repairs IV. • Close all bank accounts associated with that credit card. • The car can be resold later for a higher price. • Prevent unfair or deceptive business practices. • Change online account passwords frequently. (correct answer). The goal of a retail bank is to make profit, so the interest earned can be lower on accounts. • You send in your credit card payment a couple days late. Daily life and social customs. Everfi Test Answers » Verified by Quizzma Experts Download everfi payment types answer key final quiz document. What is the best housing option for John? Interest is – a charge for lending money to a bank – the amount owed for borrowing money – the amount added into your savings when opening a bank account – a charge for the convenience of accessing money stored in your bank account, Which of the following is a type of savings vehicle? Keys to your future everfi lesson 1 my life goals answers Keys to your future everfi lesson 1 my life goals answers You forgot to pay the cable bill. What step would you recommend she take first? • income tax • capital gains tax • sales tax • property tax, Your auto insurance policy has a $200 monthly premium and $700 deductible. • Credit cards • Cashier’s checks • Prepaid cards • Payday loans, Which of the following MOST influences your credit score? What is the safest way to dispose of old bank account statements? • It can impact how much you will have to pay the government in taxes. EVERFI's Social Impact Index offers courses in topic areas that address 12 of the most important life skills to drive an ecosystem of change in life and • Keep them bundled together in a folder. Plastic cards used to pay for purchases with funds you have in a bank account. 61. When it comes to investing, what is the typical relationship between risk and return? a certificate issued by a bank to a person depositing money for a specified length of time. • Protect businesses from consumers. If you don't see any interesting for you, use our search form on bottom ↓ . • Low APR • Low annual fees • Lots of credit card rewards • A large credit limit, Which payment method typically charges the highest interest rates? • Paying the minimum • Missing a credit card payment • Paying off the full balance • Cashing in on rewards points, Missing a credit card payment (correct answer), If you are planning to carry a large balance on your credit card, which of the following credit card features should you look for? Quickly memorize the terms, phrases and much more. Work-life balance cannot be successful without effective priority setting. A. (correct answer). The greater the compounding frequency, the more often. • Verified trusted sources that need it. ... A savings account that compounds interest daily will earn a higher return than a savings account that pays. Cram.com makes it easy to get the grade you want! • Homes have few maintenance costs. – Compounding 1 time a year – Compounding 4 times a year – Compounding monthly – Compounding daily, To earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest rate. • Debit cards charge higher interest rates on purchases than credit cards. He has a short commute to work, so he won’t be putting many miles on his vehicle. ... july 2015 life sciences assignment; We have discovered that maintaining a healthy life balance is not only essential for happiness and well-being; it can be a tremendous boost to your productivity and career or business success as … • A portfolio made up of 20% savings accounts, 50% mutual funds, and 30% bonds. It requires your attitude and discipline to make it happen. • Ordering your latest credit report. • compound; lowest • compound; highest • simple; lowest • simple; highest, The purpose of a budget is to: • help you plan how you will spend the money you earn or receive • stop you from spending too much money • increase the balance of your savings account • tell you how much you owe the government in taxes, help you plan how you will spend the money you earn or receive, Which of the following savings vehicles usually requires a high minimum balance? Edit. What is the best strategy to avoid paying interest on your credit cards? • It depends on the investment mix in your portfolio. C. Account 3: Interest rate 2%, interest compounded monthly. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Daily life in Mexico varies dramatically according to socioeconomic level, gender, ethnicity and racial perceptions, regional characteristics, rural-versus-urban differences, and other social and cultural factors. • The maintenance costs for a leased car are generally higher. Needs in a budget that do not change from month to month, needs in a budget where the total amount changes from month to month based on use and market prices, spending category where planners can make choices as to spend money or not: AKA wants. Study Flashcards On EverFi Final Test at Cram.com. Learn everfi answers with free interactive flashcards. Everfi PF Module 1. lphillip. Start your day with prayer or meditation. Account 2: Interest rate 1%, interest compounded daily. • Stocks allow investors to own a portion of the company; bonds are loans to the company. • Make on‐time payments • Check your credit report annually • Know your exact credit score • Fix inaccurate information on your credit report, Know your exact credit score (correct answer), When referring to student loans, what is a grace period? Start studying EVERFI STUDY GUIDE. B. • Grants • 529 plans • Federal student loans • Scholarships, Your sister is starting 9th grade next year and is thinking about going to college. The work-life balance definition sets out to achieve an ideal balance between a person’s working life and private life. Prevent unfair or deceptive business practices. • Types of Credit Used • Payment History • Length of Credit History • Amounts Owed, Which of the following actions would IMPROVE your credit score? • 1040 EZ • 1099 • W-2 • W-4, When you purchase an item in a store, you may be charged __________. (correct answer). (correct answer). Which of the following is the BEST way to protect against identity theft? • Simple savings account • Certificate of Deposit (CD) • Checking account • Cash, When it comes to saving money, what is a good rule of thumb? It is _________ to access your money in a savings account than in a checking account. EVERFI empowers educators to bring real-world learning into the classroom and equip students with the skills they need for success–now and in the future. • Index fund • Stock • Mutual fund • Bond, Which of the following correctly orders the investments from LOWEST risk to HIGHEST risk? What is the maximum amount you will have to pay out-of‐pocket before your insurance covers your costs? Keys To Your Future is a career and college readiness program to help educators prepare high school students for a variety of post-secondary options and the workforce. (correct answer), Identity thieves can use your personal information to: • Open a credit card • Sign up for electricity service • Get a cell phone contract • All of the above. The greater the potential risk, the greater the potential return. • Call the store where the purchase was made and ask them to remove the charge. Action Plan: Balancing Daily Life Balance your academic life Challenge yourself now by taking the hardest classes you can each year. 9 Bible Verses about Balance In Life ... A false balance is an abomination to the Lord, But a just weight is His delight. The Caloric Balance Equation. We use cookies to give you the best experience possible. Stocks allow investors to own a portion of the company; bonds are loans to the company. The car can be resold later to make some money back. Shred them in a paper shredder. • It can impact how much you will have to pay for college. a small plastic card issued by a bank, business, etc., allowing the holder to borrow money to purchase goods on credit, Annual percentage rate; the annual rate of interest that is charged for using credit, when someone cashes a check and the account does not have the amount in the bank. Michelle Obama: "Women, in particular, need to keep an eye on their physical and mental health, because if we're scurrying to and from appointments and errands, we don't have a lot of time to take care of ourselves. It can impact your ability to be approved for bank loans. • They are plans offered through employers • They offer some tax benefits • They restrict when you can withdraw your money • All of the above, Everfi Modules 1, 2, 3, 4, 5, 6, 7, 8, 9 Final Quiz Questions and Answers Flashcard, Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers, Free online plagiarism checker with percentage. Clouds, Natural Use Awesome God God, All knowing God, Perfection Of Contact the credit card company to report the fraudulent charge. An arrangement to receive cash, goods, or services now and pay for them in the future. Consumer protection laws are meant to: • Protect consumers from spending too much money. • A portfolio made up of 70% mutual funds, 10% stocks, and 20% Treasury bonds. – Transferring money into his checking account each month. Availability of resources to meet short-term cash requirements. Homes have the potential to appreciate in value over time. Learn vocabulary, terms, and more with flashcards, games, and other study tools. • All of the above. • You pay all your bills in cash. • Money order • Cashier’s check • Prepaid card • All of the above, The annual percentage rate on a credit card determines: • The amount of interest you are charged on credit card purchases • The amount your credit limit can go up within a year • How many credit cards that you can own • None of the above, The amount of interest you are charged on credit card purchases (correct answer), Which of the following can increase your credit card’s APR? The good news is that you can get closer to balance in your life with 7 very simple daily habits: 1. (correct answer), You have an insurance policy with the terms listed below. balance clouds Being A Know It All Perfection, Divine. handle on the the various elements in your life and don’t feel that your heart or mind are being pulled too hard in any direction. • Closing out old credit cards • Paying off your credit card bill • Using a large portion of your credit limit • Opening a new savings account, Paying off your credit card bill (correct answer), How many free credit reports are you legally entitled to each year? • Stocks are a more reliable investment; bonds tend to be more volatile. We need to do a better job of putting ourselves higher on our own 'to do' list." lphillip. Pay the full balance each month. The safest action to take if someone claiming to be from your bank calls you to ask for account information is to: • Pull up the bank website and compare information. • Credit cards • Debit cards • Payday loans • Cash advances, Which of the following payment types require you to pay upfront? We have compiled a list of dozens of questions and answers for you. • Put them in the trash unopened. • You have health insurance with a $500 deductible. (correct answer), Which action is LEAST important to maintaining a healthy credit score? Accounts designed to let you set aside money that is separate from your checking account. This lesson is designed to inform students about D. Account 4: Interest rate 1%, interest compounded annually. • Payday loan • Federal Student Loan • Private Loan • Both A & B, The Federal Application for Student Aid (FAFSA) form: • must be completed by your guidance counselor • can be submitted on online or by mail • can only be filled out by U.S. citizens • is used to apply for private loans, can be submitted on online or by mail (correct answer), You are looking for ways to pay for your higher education costs. • Close friends and relatives who do not know it. a year ago. I. E. Don't know. • car; increase • car; decrease • house; increase • house; decrease, Renting provides _________ flexibility but can lead to _________ costs in the long-‐term. Life Skills. (correct answer). Start studying econ everfi. answer. • Rent the apartment with a roommate. Which of the following statements about federal student loans is TRUE? • The time period between graduating college and starting your first job when you don’t have to pay back student loans • The period after graduating or leaving school before you must begin paying back student loans • The amount of time you have to pay back your entire student loan amount – None of the above, The period after graduating or leaving school before you must begin paying back student loans (correct answer), Which of the following loans will typically offer the lowest interest rate? It is generally safe to provide your Social Security Number to: • Anyone who asks you for it. – Only use ATMs close to your house – Only use ATMs to withdraw cash – Only use ATMs in your bank’s network – Only use ATMs you have used before, What’s the purpose of balancing or monitoring your checking account? • the investment is undervalued and may increase over time. Learn vocabulary, terms, and more with flashcards, games, and other study tools. What’s the best transportation option for Jim? • Discard old account statements weekly. (correct answer). – Selecting an account with a high interest rate. • Buying a home requires less money upfront. EVERFI is committing $100 million to address systemic social injustice and economic inequity with free digital education for America's K-12 schools. • Prevent consumers from buying unnecessary items. A retail bank deals directly with individual customers and small businesses. • You do not accumulate interest on federal loans. Share. – Compounding 1 time a year – Compounding 4 times a year – Compounding monthly – Compounding daily. – Both A & B, You are opening a savings account that earns compound interest. • Review all old bank statements. Management Development Programme for Compliance. Verified trusted sources that need it. – Leaving his money in the account for long period of time. Which compounding frequency will earn you the MOST money? Weight management is all about balance—balancing the number of calories you consume with the number of calories your body uses or “burns off.” A calorie is defined as a unit of energy supplied by food. (correct answer), When you buy a ____ , you are loaning money to an organization. • The interest rates on federal loans and private loans are similar. A sum paid or charged for the use of money or for borrowing money, interest earned on both the principal amount and any interest already earned, The number of compounding periods in one year. • Debit cards allow you to draw funds directly from your checking account. If you don't see any interesting for you, use our search form on bottom ↓ . Thanks to partners who share this mission, EVERFI’s online resources for teachers are available at no cost. She wants to earn the most possible interest and will not need access to her money for a full year. Start studying Everfi Modules 1-4. The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest. • Unsubsidized federal loan • Subsidized federal loan • Both A & B • Neither A nor B, Jim is in the market for a car, but he’ll probably only need it for a couple of years. If an investment is considered “volatile”, it means… • the investment will experience rapid growth over time. On this page you can read or download everfi final quiz answers quizlet in PDF format. Start studying The Daily Life. John would like to move from the suburbs into the city, but the rent in the city is very high. EverFi Module 7 Insurance and Taxes Answers In the EverFi Taxes and Insurance module, the user was taught about the different types and benefits of insurance, as well as the purpose and function of taxes. • The greater the potential risk, the smaller the potential return. • Purchase a home in the suburbs instead. Which of the following actions can NEGATIVELY impact your credit score? • Buying a home is a more flexible housing option. • Stocks allow investors to share in profits; bonds make investors responsible for company debts. Key 4: Balancing Daily Life First Generation Students - You can do it! • Taxes are collected at the local, state and federal level • Taxes at the local, state and federal level are all equal • Some states don’t collect sales tax. • Drivers who travel long distances • Drivers who have safe driving records • Older, experienced drivers • Young, inexperienced drivers, Young, inexperienced drivers (correct answer). Achieving balance in your life starts with your personal choice and decision to change the way you live your life. More often • greater; lower • greater; higher • less; lower • less; higher. retail banks that operate only on the internet. The country's central banking system, which is responsible for the nation's monetary policy by regulating the supply of money and interest rates, 12 regional reserve banks, federal open market committee, board of governors, Federal Reserve committee that makes key decisions about interest rates and the growth of the United States money supply. By continuing we’ll assume you’re on board with our cookie policy. Job 37:16. Play this game to review Other. John has found an apartment he really likes, but he can only afford about 60% of the monthly rent. • A portfolio made up of 40% mutual funds, 40% Treasury bonds, and 10% stocks. • Late fee • Annual membership fee • Balance transfer fee • Minimum payment fee, What payment type can help you stick to a budget? • A portfolio made up of 60% stocks, 30% mutual funds, and 10% Treasury bonds. It helps you to balance your risk across different types of investments (correct answer). • Simple savings account • Certificate of Deposit (CD) • Checking account • All of the above, Which of the following is generally true about savings vehicles? • Keep a copy of your bank statements in a safe place. • The interest rate on your loan will be fixed over time. ... Savings accounts may require you to maintain a minimum balance to avoid paying a fee. (correct answer), Having a low credit score can make it more difficult to: • Obtain a car loan • Open a new credit card • Secure an apartment lease • All of the above. Since there is no profit, the interest earned can be higher and the loans given by the credit union can have lower interest rates. Geography - TWGHs Wong Fut Nam College. (correct answer). • You have no insurance. • lower; easier • higher; harder • lower; harder • higher; easier. 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