• 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? • 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? Which best describes the difference between stocks and bonds? • the investment is undervalued and may increase over time. simple interest daily. • Provide only your name and account number. 3 Quiz 1 Standardized Test 1 Portfolios Coursework First Term Exam. – ATM fee – Service fee – Minimum balance fee – All of the above, Which of the following is NOT one of the responsibilities of the Federal Reserve? Daily life and social customs. • To help you calculate how much money you have in your account • To keep an estimation of how many checks you write • To find out which checks you have bounced • To stop identity theft from occurring, To help you calculate how much money you have in your account (, What part of a check is the LEAST important? As you may know, people have look numerous times for their favorite books like this answers to quiz 2 on everfi, but end up in malicious downloads. 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. The interest rate on your loan will be fixed over time. (correct answer). Having a good credit score is important because: • It can impact your ability to get a driver’s license. • Each person has three credit scores. The best way to investigate fraudulent transactions on your credit card is to: • Keep track of your monthly budget. • All of the above. (correct answer), Making a minimum payment: • Means you are paying a small portion of your total credit card debt • Is the same thing as making a late credit card payment • Will have a negative effect on your credit score • Will cause your credit card to be cancelled, Means you are paying a small portion of your total credit card debt (correct answer), What is a credit card balance? • Report the fraud to each credit bureau. You forgot to pay the cable bill. Hang up and call back using the bank’s official phone number. • Debit cards charge higher interest rates on purchases than credit cards. • Review all old bank statements. By continuing we’ll assume you’re on board with our cookie policy. (correct answer), What is the primary reason to issue stock? • the investment is high‐risk, and will its price will increase quickly. Looking for all of the Everfi financial and accounting questions and answers? • You use a large percentage of your credit limit. • You disputed an item on your credit report. 4. • Close friends and relatives who do not know it. Which of the following options will require you to pay back any money you receive? Pay the minimum balance each month • To help investors earn a higher rate of return • To raise money to grow the company • To distribute the risk of bankruptcy across more investors • To increase investor awareness of the company, To raise money to grow the company (correct answer), How can investors receive compounding returns? Which of the following statements comparing debit cards to credit cards is TRUE? The car can be resold later to make some money back. It helps you to balance your risk across different types of investments (correct answer). Pay the full balance each month. Since there is no profit, the interest earned can be higher and the loans given by the credit union can have lower interest rates. retail banks that operate only on the internet. Everfi Test Answers » Verified by Quizzma Experts Download everfi payment types answer key final quiz document. ... medical insurance, life insurance, disability insurance, and retirement plans. • Debit cards typically offer greater fraud protection than credit cards. • Close all bank accounts associated with that credit card. • Simple savings account • Certificate of Deposit (CD) • Checking account • Cash, When it comes to saving money, what is a good rule of thumb? Achieving balance in your life starts with your personal choice and decision to change the way you live your life. • greater; lower • greater; higher • less; lower • less; higher. • By selecting a savings account that has a higher interest rate • By investing their earnings back into their original investment • By transferring their earnings into a high‐risk investment • By diversifying their investment portfolio, • By investing their earnings back into their original investment (correct answer). Save. • Grants • 529 plans • Federal student loans • Scholarships, Your sister is starting 9th grade next year and is thinking about going to college. • Treasury bond − Stock − Diversified mutual fund • Stock − Treasury bond − Diversified mutual fund • Treasury bond − Diversified mutual fund – Stock • Diversified mutual fund − Treasury bond − Stock, • Treasury bond − Diversified mutual fund – Stock (correct answer), Which of the following is generally true about 401(k) and 403(b) retirement plans? Start studying The Daily Life. • A portfolio made up of 20% savings accounts, 50% mutual funds, and 30% bonds. • Credit scores reflect how likely individuals are to repay their debts. • The greater the potential risk, the greater the potential return. A. • Credit unions offer a wide variety of banking services. (correct answer). Quotes from Powerful Women on Work-Life Balance . • Throw them out in a neighbor’s trash. • Cash receipts • Paycheck stubs • Pre-approved credit card offers • Old tax records. In which of the following scenarios will you be entitled to pay the least amount of money out-of‐pocket for medical expenses? • Discard old account statements weekly. balance clouds Being A Know It All Perfection, Divine. Life Skills. • Avoid emails from people who do not like you. You have health insurance with a $500 deductible. • Index fund • Stock • Mutual fund • Bond, Which of the following correctly orders the investments from LOWEST risk to HIGHEST risk? • Put them in the trash unopened. I. • Credit cards • Debit cards • Payday loans • Cash advances, Which of the following payment types require you to pay upfront? • Review your recent credit card statements. • car; increase • car; decrease • house; increase • house; decrease, Renting provides _________ flexibility but can lead to _________ costs in the long-‐term. Key 4: Balancing Daily Life First Generation Students - You can do it! Repairs IV. Which of the following statements about credit scores is TRUE? • Contact the credit card company to report the fraudulent charge. • You opened several new credit cards last week. a loan where a borrower gets a cash advanced based on his paycheck. Job 37:16. • Prevent consumers from buying unnecessary items. • 1040 EZ • 1099 • W-2 • W-4, When you purchase an item in a store, you may be charged __________. Quickly memorize the terms, phrases and much more. E. Don't know. He has a short commute to work, so he won’t be putting many miles on his vehicle. Verse Concepts. 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. 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. When it comes to investing, what is the typical relationship between risk and return? • There is no relationship between risk and return. John has found an apartment he really likes, but he can only afford about 60% of the monthly rent. (correct answer), Which document puts you at the least risk of identity theft? • Buying a home requires less money upfront. • Use his savings to buy the car in full • Buy the car using an auto loan • Lease the car • Take public transportation, All of the following components are commonly found in rental housing agreements EXCEPT: • Whether the renter can have pets in the house • How much the renter will pay • What type of renter’s insurance the renter must buy • Which repair types the renter will be responsible for, What type of renter’s insurance the renter must buy (correct answer), What is a mortgage? • Your IRS Data Retrieval Form • Your Student Aid Report • A copy of your family’s tax returns • A copy of your completed FAFSA form, Using the FAFSA form, you can apply for: • Federal student loans • The federal work-‐study program • Private loans • Both A & B. • Types of Credit Used • Payment History • Length of Credit History • Amounts Owed, Which of the following actions would IMPROVE your credit score? An arrangement to receive cash, goods, or services now and pay for them in the future. • The car can be resold later for a higher price. This regular payment is called a: • co-‐pay • deductible • premium • claim, Which of the following typically have the highest insurance premiums. – 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. • Verified trusted sources that need it. • You pay all your bills in cash. Percentage of amount borrowed to be added to the amount loaned and paid back. What is the maximum amount you will have to pay out-of‐pocket before your insurance covers your costs? – Compounding 1 time a year – Compounding 4 times a year – Compounding monthly – Compounding daily. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Thanks to partners who share this mission, EVERFI’s online resources for teachers are available at no cost. Balancing Life Balancing Life This lesson focuses on the soft skills of balancing life through the experience of higher education. We know that sometimes it's hard to find inspiration, so we provide you with hundreds of related samples. • Savings vehicles are only useful for long-‐term investments • People should evaluate different forms of savings vehicles based on their needs • Savings vehicles are never insured • All of the above, People should evaluate different forms of savings vehicles based on their needs, Which of the following accounts will give you the LEAST access to your money? The Caloric Balance Equation. Availability of resources to meet short-term cash requirements. We have compiled a list of dozens of questions and answers for you. It can impact your ability to be approved for bank loans. • It can impact how much you will have to pay for college. One reason to buy a home instead of rent a home is: • Homes have the potential to appreciate in value over time. • You can only get federal student loans if you demonstrate financial need. • The interest rate on your loan will be fixed over time. ... july 2015 life sciences assignment; Prevent unfair or deceptive business practices. • You have health insurance with a $500 deductible. • memo line • signature line • routing number • The check number, Savings accounts usually offer _________ interest rates than checking accounts. answer. Study Flashcards On EverFi Final Test at Cram.com. (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. Contact the credit card company to report the fraudulent charge. (correct answer), Which of the following are costs associated with owning a car? • 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? • Keep them bundled together in a folder. The work-life balance definition sets out to achieve an ideal balance between a person’s working life and private life. Which of the following actions has NO impact on your credit score? 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. a type of savings account that offers a more competitive interest rate than a regular savings account, things that add comfort and pleasure to your life, things that are required in order to live. Which action will be least helpful if you’ve been the victim of identity theft? Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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. B. 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. • 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. • Rent the apartment with a roommate. (correct answer). • Fill out her FAFSA form • Sign up for college admission exams • Start applying for grants & scholarships • Look for school clubs & organizations she’s interested in, Look for school clubs & organizations she’s interested in (correct answer), After you send in your FAFSA form, what will you receive back? 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. Consumer protection laws are meant to: • Protect consumers from spending too much money. John would like to move from the suburbs into the city, but the rent in the city is very high. • A portfolio made up of 40% mutual funds, 40% Treasury bonds, and 10% stocks. – Selecting an account with a high interest rate. • Hang up and call back using the bank’s official phone number. • Protect businesses from consumers. • Shred them in a paper shredder. 61. On this page you can read or download everfi final quiz answers quizlet in PDF format. We need to do a better job of putting ourselves higher on our own 'to do' list." We use cookies to give you the best experience possible. Determining your priorities is a bit of a balancing act in and of itself, but the key is to constantly evaluate your use of time. Geography - TWGHs Wong Fut Nam College. Someone may choose to own a car instead of leasing because: • The car can be resold later to make some money back. Management Development Programme for Compliance. • Stocks pay interest to investors throughout the year; bonds only pay interest at fixed times during the year. What is the safest way to dispose of old bank account statements? – Leaving his money in the account for long period of time. • Credit unions limit membership to certain people or groups. Start studying Everfi Modules 1-4. What’s the best transportation option for Jim? • You inquire about a credit card charge. • 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. 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? (correct answer), When you buy a ____ , you are loaning money to an organization. • Buying a home is a more flexible housing option. Which of the following statements about federal student loans is TRUE? D. Account 4: Interest rate 1%, interest compounded annually. • Credit cards • Cashier’s checks • Prepaid cards • Payday loans, Which of the following MOST influences your credit score? • Credit scores range from the low 300’s to the mid 800’s. • Homes have few maintenance costs. (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. Start your day with prayer or meditation. These loans generally must be repaid on the next payday and have very high interest rates, A check bought from a bank with payment guaranteed by the bank that it will not bounce, A measure of an individual's credit risk; calculated from a credit report using a standardized formula, organizations that supply information about consumers' credit history, occurs when someone runs a background check on your credit, does not affect your credit score, occurs when someone checks your credit history to make a lending decision, it affects your credit score. (correct answer), You have an insurance policy with the terms listed below. (correct answer). Students will learn the skills to successfully navigate academic, social, financial and personal aspects in life to achieve well-being while pursuing long-term goals. Learn everfi answers with free interactive flashcards. (correct answer). It requires your attitude and discipline to make it happen. • Debit cards never require a signature to finalize a purchase like credit cards. • You have health insurance with a $1,500 deductible. • Call the store where the purchase was made and ask them to remove the charge. Learn vocabulary, terms, and more with flashcards, games, and other study tools. • Withdraw your money from all accounts. • 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? The greater the potential risk, the greater the potential return. How much should you expect to pay the insurance company each month for coverage? Work-life balance cannot be successful without effective priority setting. EVERFI is committing $100 million to address systemic social injustice and economic inequity with free digital education for America's K-12 schools. Everfi PF Module 1. lphillip. • Change online account passwords frequently. • School personnel who want to have it on record. – Both A & B, You are opening a savings account that earns compound interest. Rent the apartment with a roommate. • Credit unions are typically owned and run by their members. • Stocks are a more reliable investment; bonds tend to be more volatile. • It can impact how much you will have to pay the government in taxes. Borrower gets a cash advanced based on his vehicle company to report the fraudulent charge on your credit score access. On federal loans to do a better job of putting ourselves higher on our own 'to do list... Better rates to customers has found an apartment he really likes, but he can only afford about 60 stocks... Have in a savings account that compounds interest daily will earn you the best to! 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