Key * = correct answer You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the LEAST access to your …
Pre Quiz 1.It is generally safe to provide your Social Security Number to: Verified trusted sources that need it. 2.) The primary goal of the Consumer Financial Protection Bureau is: To protect consumers by regulating financial products and services. 3.) Which action will be least helpful if you’ve been the victim of identity theft? Ordering …
Everfi Module 4 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. …
Higher Education Quiz Answers 1. When making college visits, you may be able to… receive reimbursement for your college visit costs schedule a tour of the college campus attend a college class to see what it’s like Both B & C All of the above 2. Which of the following correctly pairs a financing option with …
In the EverFi Taxes and Insurance module, the user was taught about the different types and benefits of insurance, as well as the purpose and function of taxes. One of the first points addressed was the purpose of taxes. People often get frustrated about having large amounts of money deducted from their hard-earned paychecks, or …
Terms and Answers to Learn 1) Which of the following is a primary responsibility of the Federal Reserve Bank? Establish monetary policy Pass monetary laws Collect taxes Print money 2) Which type of account will typically have the highest interest rate? Checking Account Savings Account Money Market Account Certificate of Deposit (CD) 3) Which type …
Payment Types – Everfi terms and answers to learn Which of the following payment types require you to pay upfront?Money order Cashier’s check Pre-paid card All of the above All of the above Which of the following are true if you pay only the minimum amount each month towards your credit card bill?A. You will …
EverFi Answers Renting vs Owning The biggest factor in determining the price of a mortgage is:The total cost of the home. The down payment. The interest rate. The lender. The total cost of the home. All of the following components are commonly found in rental housing agreements EXCEPT:Whether the renter can have pets in the …
Match questions The best way to ensure the accuracy and safety of your accounts is to: Which represent typical account fees? What’s the best strategy for avoiding ATM fees? When it comes to saving money, what is a good rule of thumb? Which is NOT one of the responsibilities of the Federal Reserve? Interest Which …