EverFi end tests Questions and Answers 100% Pass

EverFi end tests Questions and Answers 100% Pass a phone ✔✔which of the following would be considered a want rather than a need for most people: a place to live, warm clothes, a phone, food the trade off of making on ...

EverFi end tests Questions and Answers 100% Pass a phone ✔✔which of the following would be considered a want rather than a need for most people: a place to live, warm clothes, a phone, food the trade off of making one choice and giving up a different choice ✔✔what is an opportunity cost an independent consumer education website that reviews and rates computers ✔✔where should you look if you want to buy a computer for the fairest and most reliable information all income and expenses ✔✔what should you include for a budget of a business monthly cost of eating at restaurants ✔✔which of the following is a variable expense for many adults: monthly rent payment, monthly car payment, monthly health insurance payment, monthly cost of eating at restaurants cable services ✔✔which expense isn't a need: car insurance, rent payment, groceries, cable service compare the prices of the two brands ✔✔if you know the unit prices of two different brands of an item, what are you better able to the time you could have spent doing something else ✔✔you received $50 as a birthday gift and chose to spend it on new wallpaper. what is the opportunity cost: other items you could have bought, the price, the time you could have spent doing something else once a budget is set it shouldn't be revisited ✔✔which of the following is not true of a budget: budgets include both income and expenses, once a budget is set it shouldn't be revisited, a budget can include charitable giving, budgets help you plan how to spend money you earn or receive pay with a credit card if you have a hard time sticking to a budget ✔✔what is not a successful budgeting strategy: buy your needs first, pay with a credit card if you have a hard time sticking to a budget, keep some extra money, revisit your budget regularly salary ✔✔what is usually paid on a biweekly or monthly basis for professional employment keeping track of how much you have spent is simple ✔✔why is paying with cash a good option your history of making payments on time ✔✔what is the biggest factor on a credit score pay the full balance each month ✔✔what is the best strategy to avoid paying interest on your credit cards student loan payment ✔✔which of the following is not a source of income: student loan payment, wages, salary, stipend they have high fees and high interest rates ✔✔why is it harder to pay back payday loans wage ✔✔what is an hourly income debit card ✔✔what method of payment accesses funds immediately and directly you have to pay interest ✔✔what is the problem with paying only your minimum credit card balance each month attending work every day ✔✔which of the following is not an example of a job skill: being good with computers, being creative, working well in groups, attending work every day attending an in state public university ✔✔which of the following strategies is likely to save you the most money when going to college: purchasing used books, attending a private college, attending an in state public university, living off campus make a list of your job preferences and skills ✔✔what should you do first when planning your career a work study program ✔✔what is the most direct way to gain on the job experience and earn money while attending school three times as much ✔✔about how much can someone with a professional degree expect to earn compared to someone with a high school diploma you will earn less money during the years that you are in college ✔✔what is the opportunity cost of earning an advanced college degree the amount of money a company makes from sales ✔✔what is revenue inflation ✔✔if price of a product increases why is this caused certificate of deposit ✔✔which interest bearing account is best for people who won't need access to their money for several month or longer to earn interest on your money ✔✔why would you put money into a savings account review the different account options that your bank offers ✔✔what is the first step you should take when you want to open a savings account when revenue is less than expenses ✔✔what is a loss deposit money into your savings account each month ✔✔how can you increase the amount of interest on your savings account an initial deposit ✔✔what is required when opening a checking account a decrease in the cost of goods and services ✔✔what is deflation repairing damage to other cars if you got into an accident that was your fault ✔✔what does car liability insurance cover the amount you pay the insurance company for coverage ✔✔what is a premium bonds ✔✔what are loans to a company or government for a set amount of time the amount you are personally required to pay before your insurance covers the cost ✔✔what is a deductible a small piece of ownership in a company ✔✔what is stock more than five percent ✔✔what is the average rate of return on stocks