EVERFI Achieve Consumer Financial Education Questions & Answers_All Modules.

EVERFI Achieve Consumer Financial Education Questions & Answers_All Modules.-EVERFI Achieve Consumer Financial Education Answers 1 EVERFI Module 1 Banking Basics Answers 1.1 Banking Basics Guide 2 EVERFI Module 2 Income & Employment Answers 2.1 Income & Employment Guide 3 EVERFI Module 3 Budgeting Answers 3.1 Budgeting Guide 4 EVERFI Module 4 Consumer Skills Answers 4.1 Consumer Skills Guide 5 EVERFI Module 5 Managing Credit and Debt Answers 5.1 Managing Credit and Debt Guide 6 EVERFI Module 6 Financing Higher Education Answers 6.1 Financing Higher Education Guide 7 EVERFI Module 7 Insurance Answers 7.1 Insurance Guide 8 Source--Which of the following statements about check cashing companies is FALSE? a. They make it easy to fall into a loan cycle that is hard to get out of b. They offer bad deals where you'll owe a lot more than you borrowed c. They can take a percentage of your check on top of fees d. They charge low fees - D Which of the following is NOT a common feature of a financial institution? a. Direct deposit b. Paper Checks c. Access to investment advice d. Checking and savings accounts e. investment trading f. access to investment products - C and E Which of the following statements about check cashing companies is FALSE? a. They make it easy to fall into a loan cycle that is hard to get out of b. They offer bad deals where you'll owe a lot more than you borrowed c. They can take a percentage of your check on top of fees d. They charge low fees - b. They offer bad deals where you'll owe a lot more than you borrowed Your financial institution can't help you if there is a mistake on your bank account statement. - false Which of the following statements about investing is true a. On average, putting money in a savings account earns a higher return than investing money in the stock market b. investing is best for short-term financial goals c. Investing is riskier than putting money in a savings accounts d. Investing is a guaranteed way to make money - C Which of the following statements about savings accounts is False a. Savings accounts are best used to store money for long-term goals b. Savings accounts may require you to maintain a minimum balance to avoid paying a fee c. savings accounts pay interest on the money you deposit d. savings accounts allow an unlimited amount of withdrawals each month - D How would you reconcile your bank account to avoid spending more than you have? a. Contact your financial institution to read your transactions for the past month b. compare your own records of your spending with your financial institution's records c. review your bank statement