Everfi module 4 test - Study guides, Class notes & Summaries

EVERFI MODULE 4- CONSUMER SKILLS TEST ANSWERS 2023 Which method of payment actually is a form of borrowing money that needs to be paid back later? Which of the following is NOT an advantage of owning a car? When you are deciding what to buy, you should... Which of the following is NOT a useful strategy when making an informed purchase? Which fact supports the idea that renting is a good option for living in a place for a short period of time? Which of the following is NOT b...

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. Answer- d. All of the above.

When you are deciding what to buy, you should… Answer- 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? Answer- Search online reviews

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. Answer- 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. An...

EVERFI Module 3 Budgeting Test Questions and Answers 1. Which of the following is NOT a good way to track your spending? - In your head - Notebook and pencil - Envelope method - Online software or app: Answer: In your head 2. What should be considered when setting a budget?: Answer: Needs, wants, and savings 3. Which choice or choices best describes the purpose of an emergency fund? - An emergency fund prepares you for unexpected expenses. - An emergency fund keeps you from...

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 to the car. Which of the following is NOT an advantage of o...

Making a good purchasing decision requires __. Answers- All of the above When you are deciding what to buy, you should… Answers- 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? Answers- Search online reviews

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 & ...