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Everfi-Finance Questions and Answers Already Passed Select the answer that best describes opportunity cost: ✔✔What you give up as a result of choosing one option versus another; a trade Before buying a new computer, ...

Everfi-Finance Questions and Answers Already Passed Select the answer that best describes opportunity cost: ✔✔What you give up as a result of choosing one option versus another; a trade Before buying a new computer, you want to do some research to help you select the best model for your needs. Where should you go: ✔✔An independent consumer education website that reviews and rates technology If you know the unit price of an item, you are better able to: ✔✔Compare prices of two brands Which of the following is NOT a successful budgeting strategy? ✔✔Pay with a credit card if you have a hard time sticking to a budget Which factor has the biggest impact on a credit score? ✔✔Payment History ______ is withheld from a paycheck and is used to fund government services such as health care, national defense, etc. ✔✔Federal Income Tax Amy's new summer job at the pool will pay her $9 per hour. Which term describes this type of hourly income? ✔✔Wage Which of the following statements is an example of a personal skill: ✔✔I'm a really good cook Aaron wants to open a savings account. Which account will grow his money the most? ✔✔Interest rate 2%, Interest compounded daily Which interest-bearing account is best for people who won't need access to their money for more than a year? ✔✔Certificate of Deposit Which of the following best describes deflation? ✔✔A decrease in the cost of goods and services The average price of a gallon of milk increased from $3.00 last year to $3.50 this year. This is most likely due to ✔✔Inflation What is a premium? ✔✔The amount you pay the insurance company for coverage. What might be one reason stock becomes more valuable over time? ✔✔All of the above;There is a lot of demand for the product, The industry is growing, The company is well-managed A _____ is a small piece of ownership in a company ✔✔stock _____ are loans to a company or government from a set amount of time. ✔✔bond Revenue is: ✔✔The amount of money a company makes from sales The more ____________________ you receive; the more money you will likely earn in your career. ✔✔Education and training What is the problem with paying only your minimum credit card balance each month? ✔✔You have to pay interest What is the first thing you should do when career planning? ✔✔Make a list of your job preferences and skills Which of the following is the most effective strategy for reducing the cost of college? 16 ✔✔Attending an in-state public university

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