Everfi mo - Study guides, Class notes & Summaries

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 & ...

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

EVERFI Module 2 Income & Employment Answers Question Answer 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 __. ...

What is the typical relationship between time and interest rate? a) Longer time period usually equal higher interest rates b) Shorter time period usually equal higher interest rates c) Longer time periods usually have no affect on interest rates d) Shorter time periods usually have no affect on interest rates CORRECT ANSWER a) Longer time period usually equal higher interest rates Interest is: a) a charge for lending money to a bank b) the amount owed for borrowing money c) the amount...

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

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.

EVERFI Module 6 Financing Higher Education 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? He can attend th...

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.

EVERFI Module 2 Income & Employment Answers

which of the following statements about stocks is TRUE? a stock is a share of ownership in a company t/f: generally, the more education you receive, the higher your lifetime earnings will be true t/f: 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...