What is the best strategy to avoid paying interest on your credit cards? Since there is no profit, the interest earned can be higher and the loans given by the credit union can have lower interest rates. Which of the following statements about federal student loans is TRUE? • You have health insurance with a $500 deductible. • Prevent consumers from buying unnecessary items. 9 Bible Verses about Balance In Life ... A false balance is an abomination to the Lord, But a just weight is His delight. Wear & Tear fees• I, III, and IV • I, II, and IV • I, II and III • I, II, III, and IV. (correct answer). • A type of rent used to pay for housing • A type of loan used to buy property • A measure of the value of a home • A measure of your credit rating, A type of loan used to buy property (correct answer), A _________ is generally considered an appreciating asset because it will _________ in value over time. If you don't see any interesting for you, use our search form on bottom ↓ . • The greater the potential risk, the greater the potential return. If you don't see any interesting for you, use our search form on bottom ↓ . • You use a small amount of your available credit. Geography - TWGHs Wong Fut Nam College. Having a good credit score is important because: • It can impact your ability to get a driver’s license. • Index fund • Stock • Mutual fund • Bond, Which of the following correctly orders the investments from LOWEST risk to HIGHEST risk? Access Free Answers To Quiz 2 On Everfi Answers To Quiz 2 On Everfi Thank you very much for downloading answers to quiz 2 on everfi. Daily life in Mexico varies dramatically according to socioeconomic level, gender, ethnicity and racial perceptions, regional characteristics, rural-versus-urban differences, and other social and cultural factors. Which of the following actions would enable him to earn MORE interest? What is the first action you should take if you suspect there has been a fraudulent charge on your credit card? • Report the fraud to each credit bureau. retail banks that operate only on the internet. Pay the minimum balance each month • Money order • Cashier’s check • Prepaid card • All of the above, The annual percentage rate on a credit card determines: • The amount of interest you are charged on credit card purchases • The amount your credit limit can go up within a year • How many credit cards that you can own • None of the above, The amount of interest you are charged on credit card purchases (correct answer), Which of the following can increase your credit card’s APR? • Purchase a home in the city center instead. • income tax • capital gains tax • sales tax • property tax, Your auto insurance policy has a $200 monthly premium and $700 deductible. • Provide only your name and account number. (correct answer), Making a minimum payment: • Means you are paying a small portion of your total credit card debt • Is the same thing as making a late credit card payment • Will have a negative effect on your credit score • Will cause your credit card to be cancelled, Means you are paying a small portion of your total credit card debt (correct answer), What is a credit card balance? However, they can lack direct customer service. • Ordering your latest credit report. • It can impact your ability to be approved for bank loans. a year ago. 4. Consumer protection laws are meant to: • Protect consumers from spending too much money. Insurance III. When it comes to investing, what is the typical relationship between risk and return? Which of the following actions can NEGATIVELY impact your credit score? Which of the following statements about credit scores is TRUE? • You disputed an item on your credit report. • Stocks allow investors to share in profits; bonds make investors responsible for company debts. Account 2: Interest rate 1%, interest compounded daily. • Rent the apartment with a roommate. • Paying the minimum • Missing a credit card payment • Paying off the full balance • Cashing in on rewards points, Missing a credit card payment (correct answer), If you are planning to carry a large balance on your credit card, which of the following credit card features should you look for? • You forgot to pay the cable bill. • the value of the investment may be hard to predict. Shred them in a paper shredder. She wants to earn the most possible interest and will not need access to her money for a full year. • Use only local public access Wi‐Fi. • Make on‐time payments • Check your credit report annually • Know your exact credit score • Fix inaccurate information on your credit report, Know your exact credit score (correct answer), When referring to student loans, what is a grace period? Needs in a budget that do not change from month to month, needs in a budget where the total amount changes from month to month based on use and market prices, spending category where planners can make choices as to spend money or not: AKA wants. • Protect businesses from consumers. These loans generally must be repaid on the next payday and have very high interest rates, A check bought from a bank with payment guaranteed by the bank that it will not bounce, A measure of an individual's credit risk; calculated from a credit report using a standardized formula, organizations that supply information about consumers' credit history, occurs when someone runs a background check on your credit, does not affect your credit score, occurs when someone checks your credit history to make a lending decision, it affects your credit score. balance clouds Being A Know It All Perfection, Divine. Interest is: Q. Tamara has $500 she is looking to save for a class trip. • Debit cards never require a signature to finalize a purchase like credit cards. Debit cards allow you to draw funds directly from your checking account. This lesson is designed to inform students about (correct answer), Having a low credit score can make it more difficult to: • Obtain a car loan • Open a new credit card • Secure an apartment lease • All of the above. • Review your recent credit card statements. • Purchase a home in the suburbs instead. • Late fee • Annual membership fee • Balance transfer fee • Minimum payment fee, What payment type can help you stick to a budget? EVERFI's Social Impact Index offers courses in topic areas that address 12 of the most important life skills to drive an ecosystem of change in life and (correct answer), When you buy a ____ , you are loaning money to an organization. Looking for all of the Everfi financial and accounting questions and answers? The car can be resold later to make some money back. • the investment is undervalued and may increase over time. Job 37:16. Which of the following options will require you to pay back any money you receive? – Leaving his money in the account for long period of time. In which of the following scenarios will you be entitled to pay the least amount of money out-of‐pocket for medical expenses? • A portfolio made up of 60% stocks, 30% mutual funds, and 10% Treasury bonds. • Discard old account statements weekly. It is generally safe to provide your Social Security Number to: • Anyone who asks you for it. • Simple savings account • Certificate of Deposit (CD) • Checking account • Cash, When it comes to saving money, what is a good rule of thumb? We use cookies to give you the best experience possible. – Selecting an account with a high interest rate. • Stocks pay interest to investors throughout the year; bonds only pay interest at fixed times during the year. Play this game to review Other. Contact the credit card company to report the fraudulent charge. It requires your attitude and discipline to make it happen. Rent the apartment with a roommate. C. Account 3: Interest rate 2%, interest compounded monthly. • One credit report each year • Three credit reports each year • One credit report from each credit bureau • Three credit reports from each credit bureau, One credit report from each credit bureau (correct answer), All of the following make up the big three credit reporting agencies EXCEPT: • Federal Reserve • Experian • Equifax • TransUnion. • Withdraw your money from all accounts. • School personnel who want to have it on record. • Homes have few maintenance costs. Creative RF / Getty Images. • It depends on the investment mix in your portfolio. Management Development Programme for Compliance. • Debit cards charge higher interest rates on purchases than credit cards. • Taxes are collected at the local, state and federal level • Taxes at the local, state and federal level are all equal • Some states don’t collect sales tax. • lower; easier • higher; harder • lower; harder • higher; easier. Daily life and social customs. John would like to move from the suburbs into the city, but the rent in the city is very high. Learn vocabulary, terms, and more with flashcards, games, and other study tools. • Close all bank accounts associated with that credit card. Which of the following statements comparing debit cards to credit cards is TRUE? • Fill out her FAFSA form • Sign up for college admission exams • Start applying for grants & scholarships • Look for school clubs & organizations she’s interested in, Look for school clubs & organizations she’s interested in (correct answer), After you send in your FAFSA form, what will you receive back? established as part of the Banking Act of 1933, the Federal Deposit Insurance Corporation (FDIC) protects bank customers from possible losses by insuring various kinds of savings accounts up to $250,000 per account. We know that sometimes it's hard to find inspiration, so we provide you with hundreds of related samples. Copy and Edit. Which compounding frequency will earn you the MOST money? Start studying Everfi Modules 1-4. • the value of the investment may be hard to predict. Quickly memorize the terms, phrases and much more. (correct answer). Keys To Your Future is a career and college readiness program to help educators prepare high school students for a variety of post-secondary options and the workforce. Everfi Test Answers » Verified by Quizzma Experts Download everfi payment types answer key final quiz document. • You send in your credit card payment a couple days late. After that, he plans on moving into the city and using public transportation. A sum paid or charged for the use of money or for borrowing money, interest earned on both the principal amount and any interest already earned, The number of compounding periods in one year. Weight management is all about balance—balancing the number of calories you consume with the number of calories your body uses or “burns off.” A calorie is defined as a unit of energy supplied by food. EverFi Module 7 Insurance and Taxes Answers 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. Study Flashcards On EverFi Final Test at Cram.com. YOUR INSURANCE PLAN: Premium = $300/month; Deductible = $500 • $200 • $300 • $500 • $800. The best way to investigate fraudulent transactions on your credit card is to: • Keep track of your monthly budget. (correct answer), Which of the following are costs associated with owning a car? The safest action to take if someone claiming to be from your bank calls you to ask for account information is to: • Pull up the bank website and compare information. (correct answer). • A portfolio made up of 20% savings accounts, 50% mutual funds, and 30% bonds. • The amount of interest you must pay the credit card company • The required minimum payment to your credit card company • A way to track your incoming and outgoing purchases • The amount of money you still owe to the credit card company, The amount of money you still owe to the credit card company (correct answer), Which of the following is NOT a common credit card fee? • Change online account passwords frequently. • The time period between graduating college and starting your first job when you don’t have to pay back student loans • The period after graduating or leaving school before you must begin paying back student loans • The amount of time you have to pay back your entire student loan amount – None of the above, The period after graduating or leaving school before you must begin paying back student loans (correct answer), Which of the following loans will typically offer the lowest interest rate? • The interest rates on federal loans and private loans are similar. When it comes to maintaining a healthy weight for a lifetime, the bottom line is – calories count! • Low APR • Low annual fees • Lots of credit card rewards • A large credit limit, Which payment method typically charges the highest interest rates? John has found an apartment he really likes, but he can only afford about 60% of the monthly rent. Learn vocabulary, terms, and more with flashcards, games, and other study tools. • Stocks are a more reliable investment; bonds tend to be more volatile. We need to do a better job of putting ourselves higher on our own 'to do' list." Verse Concepts. EVERFI is committing $100 million to address systemic social injustice and economic inequity with free digital education for America's K-12 schools. a number assigned to a person that indicates to lenders their capacity to repay a loan. • Credit unions are typically owned and run by their members. • Debit cards typically offer greater fraud protection than credit cards. It is _________ to access your money in a savings account than in a checking account. Three out of five U.S. school districts use EVERFI’s digital resources to teach topics like financial education, social emotional learning, and career readiness. • Buying a home requires less money upfront. • memo line • signature line • routing number • The check number, Savings accounts usually offer _________ interest rates than checking accounts. B. • $200 • $500 • $700 • $900, Jan pays $70 each month for her auto insurance policy. By continuing we’ll assume you’re on board with our cookie policy. Save. • Close friends and relatives who do not know it. Students will learn the skills to successfully navigate academic, social, financial and personal aspects in life to achieve well-being while pursuing long-term goals. EVERFI empowers educators to bring real-world learning into the classroom and equip students with the skills they need for success – now and in the future. A. Which action will be least helpful if you’ve been the victim of identity theft? • Your IRS Data Retrieval Form • Your Student Aid Report • A copy of your family’s tax returns • A copy of your completed FAFSA form, Using the FAFSA form, you can apply for: • Federal student loans • The federal work-‐study program • Private loans • Both A & B. The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest. Review your recent credit card statements. Which of the following would be considered the highest risk portfolio? • Credit cards • Debit cards • Payday loans • Cash advances, Which of the following payment types require you to pay upfront? The good news is that you can get closer to balance in your life with 7 very simple daily habits: 1. • The maintenance costs for a leased car are generally higher. B. a certificate issued by a bank to a person depositing money for a specified length of time. 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