Everfi Test Review

The amount of money you pay for an insurance policy

Something people buy to protect themselves from losing a lot of money if something happens to them or their property

Investing is best for___________

What can insurance protect you from?

Which forms of payment is linked to a bank account which limits the amount of money you can spend to balance ur account

Insurance that will pay to get your car fixed in the event of an accident.

The amount of money you are paid after all taxes and deductions are taken out of your paycheck

Which payment option takes money out of your account immediately?

Using a loan could help with the purchase of which of the following?

Buying a home security system is an example of protecting your home against

Which of the following should NOT be considered when setting a current budget

This is a flexible market that allows you to work short-term, independent jobs

The more education you receive, the higher your lifetime earnings will be.

Taxes pay for.......

A stock is _______

Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are ________

Which degree will most likely result in the highest lifetime earnings?

Which type of bank account is best for everyday transactions?

Which is a tax-free savings account that can only be used for educational expenses?

Which of the following is NOT a possible tax or deduction that would show up on your paycheck?

Wearing your seat belt, not texting when driving, and driving carefully are all examples of

Which of the folowing statements about check cashing companies is TRUE?

This helps you prepare for unexpected expenses

Paying only the minimum balance on your credit card can lead to....

What are the benefits of attending a local community college?

An emergency fund should NOT be used for...

The cost of a secured loan is typically lower than the cost of an unsecured loan because.....

All of the following are benefits to paying the full balance on your credit card each month EXCEPT:

When looking for pre-approval on a car loan you should...

In addition to needs, what should you plan for first when creating a budget?

What type of federal funding is free money, but is based on financial need only?

Which is the best reason for renting a place for a short period of time rather than buying/owning a place to live?

The purpose of this form is inform your employer of how much federal income tax to withold from your paycheck

Which item is important to consider when selecting a credit card?

The amount you owe before insurance will cover the rest of the bill

Which is a positive reason for using a credit card to finance purchases?

Which option gives you more freedom and more responsibility?

Which method of payment actually is a form of borrowing that needs to be paid back later?

Liability insurance does NOT cover this in the event of an accident.

Insurance that will pay for injuries to another driver's and/or damage to their car if you are in an accident

________ are good places to look to find your current expenses when building your budget.

Which payment option could have interest charged to you?

When setting a budget, you should consider....

What one is a benefit of having a good credit score

The insurance premium is paid by...

Textbooks, transportation and room and board are all ...

Why is figuring out the unit price of something useful when shopping?

The standard form used by taxpayers in the U.S. for individual federal income tax returns.

This form tells you how much you've made and how much you've paid in taxes in the last year

Which type of bank account typically offers the least (if any) interest?