EVERFI CERTIFICATION EVALUATION
QUESTIONS AND SOLUTIONS PREMIUM
REVIEW MATERIAL
●● 1040ez
Answer: form filed to determine income tax owed to the irs in one year
●● 401(k)
Answer: retirement account, an employee can put in money to their
account before or after taxes
●● 403(b)
Answer: retirement account offered by non profit organizations
●● 529 college savings plan
Answer: a plan offering tax benefits that can be used for any educational
expenses
●● asset
Answer: property owned by someone that has value, physical or tangible
items
,●● Associate's Degree
Answer: two-year degree, offered by a junior or community college
●● ATM card
Answer: similar to a debit card, requires you to enter a pin
●● ATM
Answer: automatic teller machine, allows you to make deposit or
withdrawals within your bank account
●● Account Number
Answer: a number that identifies which account a bank needs to pull
money from
●● Annual Percentage Rate
Answer: interest rate charged on a credit card
●● Appreciating Assets
Answer: something that increases in value over time
●● Auto Insurance
Answer: in a car accident, it is insurance that protects the policyholder
, ●● Bachelor's Degree
Answer: awarded by a university for undergraduate studying
●● Balance
Answer: total money in a bank account
●● Balance Transfer
Answer: current credit card balance transferred to another card
●● Bank Teller
Answer: employee that helps with deposits and withdrawals
●● Bonds
Answer: a loan by the lender who is you, but you are paid interest for a
certain period of time
●● Branch Manager
Answer: manages specific bank location or branches
●● Brokerage Account
Answer: an account opened by a broker, who buys a sells stock with the
money in the account
QUESTIONS AND SOLUTIONS PREMIUM
REVIEW MATERIAL
●● 1040ez
Answer: form filed to determine income tax owed to the irs in one year
●● 401(k)
Answer: retirement account, an employee can put in money to their
account before or after taxes
●● 403(b)
Answer: retirement account offered by non profit organizations
●● 529 college savings plan
Answer: a plan offering tax benefits that can be used for any educational
expenses
●● asset
Answer: property owned by someone that has value, physical or tangible
items
,●● Associate's Degree
Answer: two-year degree, offered by a junior or community college
●● ATM card
Answer: similar to a debit card, requires you to enter a pin
●● ATM
Answer: automatic teller machine, allows you to make deposit or
withdrawals within your bank account
●● Account Number
Answer: a number that identifies which account a bank needs to pull
money from
●● Annual Percentage Rate
Answer: interest rate charged on a credit card
●● Appreciating Assets
Answer: something that increases in value over time
●● Auto Insurance
Answer: in a car accident, it is insurance that protects the policyholder
, ●● Bachelor's Degree
Answer: awarded by a university for undergraduate studying
●● Balance
Answer: total money in a bank account
●● Balance Transfer
Answer: current credit card balance transferred to another card
●● Bank Teller
Answer: employee that helps with deposits and withdrawals
●● Bonds
Answer: a loan by the lender who is you, but you are paid interest for a
certain period of time
●● Branch Manager
Answer: manages specific bank location or branches
●● Brokerage Account
Answer: an account opened by a broker, who buys a sells stock with the
money in the account
