Everfi Exam Bundle| All Exam questions with correct answers rated A 2023

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.

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.

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

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.

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

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

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.

Which of the following typically have the highest auto insurance premiums? Young, inexperienced drivers Why might you complete a 1040 instead of a 1040EZ? You own a home

Since online banking and mobile apps allow you to track your spendings and savings, they are really helping you manage your money If someone wanted to talk to a financial institution representative in person they would need to visit the financial institution

You have the best chance of getting your money back from a scam if what happened? You didn’t authorize the payment. If you are the victim of identity theft or fraud, you should contact the following places except _______. a. Your local elected official like the mayor b. Your financial insituti...

Why is important to contact customer support of your P2P app or service if you feel you have been scammed? They may be able to remove the scammer from the P2P app or service. Which of the following accounts cannot be linked to most P2P apps or services? Certificate of deposit

Which account is more likely to have penalties for frequent withdrawals? Savings account What is a benefit of an account with interest? You earn money