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EVERFI - Financial Literacy Quiz Flashcards | StudBud

Explore/EVERFI - Financial Literacy Quiz

EVERFI - Financial Literacy Quiz

10 terms·StudBud Administration·397 plays

A quick game to assess our #financialliteracy

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Questions 10

Answers

1
Which statement is most correct when choosing to rent or buy a home?
Rent a home because it is better than buying one.
Buy a home because it is better than renting one.
Rent a home only until you can afford to buy one.
Buy or rent a home based on your individual circumstance.
2
Which will most benefit you financially?
A savings account that compounds interest monthly
A savings account that does not compound interest
A savings account that compounds interest daily
A savings account that compounds interest yearly
3
The period before you have to begin repaying your student loans is known as the:
zero interest period
default period
promotional period
grace period
4
Your credit history is tracked by all of the following EXCEPT:
Federal Reserve
Experian
Trans Union
Equifax
5
Which type of bank account typically offers no interest?
Money market
Savings
Checking
Certificate of Deposit
6
When buying a stock in a company, you are:
loaning money to a company
investing in an index fund
diversifying your portfolio
buying a portion of a company
7
The main trade-off that all investors must consider is:
income vs. cost
stocks vs. bonds
risk vs. return
diversity vs. uniformity
8
Which of the following provides the best protection against identity theft?
Open up a new bank account every year
Shred documents that contain personal information
Pay all bills with cash only
Never use a credit card
9
Which of the following typically have the highest fees?
Online Bank
Credit Union
Retail Bank
Payday Lender
10
Which form is your employer required to send to you before you file your tax return?
1040EZ
Yearly paycheck stub
W-2
W-4