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EverFi Financial Literacy Flashcards | StudBud
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EverFi Financial Literacy
EverFi Financial Literacy
23 terms
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StudBud Administration
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624 plays
Covers EverFi financial literacy online course.
Flashcards
23 cards
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Practice quiz
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Questions
23
Answers
1
By what date must one file his/her federal income tax return?
January 1
April 15
May 1
February 28
2
Which of the following are savings vehicles?
money market account
all of these
certificate of deposit
savings account
3
This form is used to determine who is eligible for financial aide?
none of these
FAFSA
FICO
equifax
4
This type of card is linked directly to one's checking account.
debit card
deck of cards
Hallmark card
credit card
5
Calculate how long for one's $ to double if the interest rate was 3%.
30 years
18 years
36 years
24 years
6
Renters have complete responsibility over the home
true
false
7
The ease with which one can withdraw money
liquidity
stock
FAFSA
cash advance
8
Signifies part of a company
W2
FAFSA
paycheck
stock
9
When one attempts to steal personal information through suspicious emails it is called _.
dumpster diving
phishing
diversification
spam
10
A period of time in which one does not have to repay a loan or debt, usually 6 months- 1 year.
default period
promotional period
zero interest period
grace period
11
The arrow on this check is pointing to the _.
check number
date
routing number
account number
12
The government pays interest on these types of loans while the borrower is in school
unsubsidized
private loans
credit loans
subsidized
13
Interest continues to build on these loans while one is in school
private loans
unsubsidized loans
Perkins loans
subsidized loans
14
Spreading investments out across different types of stock is called _
municipality
phishing
being smart
diversification
15
A yearly rate of return on investment
grace period
FAFSA
APR
COD
16
The main trade of that all investors must consider is
bonds vs. mutual funds
to love vs. not to love
private stock vs. public stock
risk vs. return
17
What is a W2?
form you sign when creating a checking account
form that determines your credit card
form that decides how much taxes should be taken out
report of all wages and salary info required by IRS
18
Use the rule of 72. How long does it take for your cash to double if it is earning 9% interest
9
36
8
18
19
How often is one entitled to receive a free credit report from major agencies?
never
once a year
twice a year
unlimited # of times
20
Which of the following is NOT a credit reporting agency?
Transunion
Equifax
Experian
Transfax
21
This type of account has the highest liquidity and allows unlimited withdrawals
money market account
savings account
checking acount
certificate of deposit
22
This type of institution can limit membership to certain groups and is owned by accountholders
payday lender
online bank
credit union
retail bank
23
This type of institution is a predatory lender and has many hidden fees
online bank
credit union
retail bank
payday lender