EPF EXAM 2024
QUESTIONS
WITH ALL
PASSED
ANSWERS!!
Evatee 10/21/24 EPF
,EPF EXAM 2024 QUESTIONS WITH ALL
PASSED ANSWERS!!
Being able to live in a safe, non-threatening environment Answer - The right to
a healthy environment
having opportunities to make known likes, dislikes, and problems with products
and services / to be represented in the making of government policy and the
development of products and services. Answer - The right to be heard
To be protected against products, production processes and services that are
hazardous to health or life Answer - The right to safety
Being entitled to training to gain knowledge and skills as consumers Answer -
The right to consumer education
To have access to basic, essential goods and services: adequate food, clothing,
shelter, health care, education, public utilities, water and sanitation. Answer -
The right to the satisfaction of basic needs
Being entitled to a fair and quick remedy to a wrong or loss for shoddy goods
and unsatisfactory service Answer - The right to redress
To be given the facts needed to make an informed choice, and to be protected
against dishonest or misleading advertising and labelling. Answer - The right to
be informed
, To be able to select from a range of products and services, offered at
competitive prices with an assurance of satisfactory quality. Answer - The right
to choose
What are the top two types of fraud reported in North Carolina last year?
Answer - Imposter Scams / Sweepstake or Lottery wins
How many frauds were reported in North Carolina last year? Answer - 39,473
Fraud is often considered a Answer - White Collar Crime
When getting a loan, one factor your lender is going to look at will be Answer -
Your debit to income ratio
Your debt to income ratio compares how much money .... Answer - ..comes in
each month pre-tax verses how much money goes out to creditors
In order to work out your Debt to Income ratio you must divide your total
monthly debts with Answer - gross monthly pay
Why is it important to consider rising interest rates when assessing your debt
to income ratio? Answer - Rising interest rates mean your mortgage payment
will lower therefore your debt to income ratio will be better
True or False: Raising your monthly income will lower your ratio. Answer - true
Which of the following is NOT one of the 3 main things the 401(k) plans can
provide for you? Answer - Gives you emergency funds at the end of the month
QUESTIONS
WITH ALL
PASSED
ANSWERS!!
Evatee 10/21/24 EPF
,EPF EXAM 2024 QUESTIONS WITH ALL
PASSED ANSWERS!!
Being able to live in a safe, non-threatening environment Answer - The right to
a healthy environment
having opportunities to make known likes, dislikes, and problems with products
and services / to be represented in the making of government policy and the
development of products and services. Answer - The right to be heard
To be protected against products, production processes and services that are
hazardous to health or life Answer - The right to safety
Being entitled to training to gain knowledge and skills as consumers Answer -
The right to consumer education
To have access to basic, essential goods and services: adequate food, clothing,
shelter, health care, education, public utilities, water and sanitation. Answer -
The right to the satisfaction of basic needs
Being entitled to a fair and quick remedy to a wrong or loss for shoddy goods
and unsatisfactory service Answer - The right to redress
To be given the facts needed to make an informed choice, and to be protected
against dishonest or misleading advertising and labelling. Answer - The right to
be informed
, To be able to select from a range of products and services, offered at
competitive prices with an assurance of satisfactory quality. Answer - The right
to choose
What are the top two types of fraud reported in North Carolina last year?
Answer - Imposter Scams / Sweepstake or Lottery wins
How many frauds were reported in North Carolina last year? Answer - 39,473
Fraud is often considered a Answer - White Collar Crime
When getting a loan, one factor your lender is going to look at will be Answer -
Your debit to income ratio
Your debt to income ratio compares how much money .... Answer - ..comes in
each month pre-tax verses how much money goes out to creditors
In order to work out your Debt to Income ratio you must divide your total
monthly debts with Answer - gross monthly pay
Why is it important to consider rising interest rates when assessing your debt
to income ratio? Answer - Rising interest rates mean your mortgage payment
will lower therefore your debt to income ratio will be better
True or False: Raising your monthly income will lower your ratio. Answer - true
Which of the following is NOT one of the 3 main things the 401(k) plans can
provide for you? Answer - Gives you emergency funds at the end of the month
