Everfi modu - Study guides, Class notes & Summaries

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. Which of the following financial institutions typically have the highest fees? Check cashing and payday loan companies Which of the following statements about check cashing companies is FALSE? They charge low fees.

EVERFI Module 4 Consumer Skills Answers Question Answer 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 t...

EVERFI Module 2 Income & Employment Questions and Answers 100% Pass 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...

EVERFI Module 3 Budgeting Answers Question 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 ...

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 What should you NOT use a loan to purchase? Airline tickets to your dream vacation How is having a security system for your home a risk management strategy? The security system will alert authorities and deter criminals, protecting your valuables and property.

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 pa...

EVERFI Module 3 Budgeting Answers |Verified Solutions 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

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...

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

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