Everfi mo - Study guides, Class notes & Summaries

EVERFI Module 6 Financing Higher Education Answers Question Answers 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...

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

EVERFI Module 2 Income & Employment Answers

what is interest - pay extra for the convenience of borrowing money what is compounding frequency - how often your money is compounded what is the rule of 72 - tells you how long it will take for your money to double 3 types of savings vehicles - savings account, money market account, certificate of deposit what is a budget - plan for your money job of the federal reserve system - oversees the nation's system of money and credit parts of the federal reserve system - 12 regional reserve ba...

Everfi Module 7- Insurance and Taxes Insurance Coverage by contract against future possible accidents Auto Insurance Protects you & other drivers on the road. Most states require this form of insurance Renters/Homeowners Insurance Can protect you from paying damages in case of fire, etc. Health Insurance Helps cover medical expenses like doctor visits, prescriptions, trips to the emergency room, or stays in the hospital Disability Insurance Helps cover lost income when illness/injury...

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. In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense? You have health insurance with a $500 deductible. Which is an example of a withholding you might see on your pay stub? Both A and B (Health Insurance and Retirement Savings) ...

EVERFI Module 2 Income & Employment Answers.

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 & ...

EVERFI Module 3 Budgeting Answers

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 What should be considered when setting a budget? Needs, wants, and savings