EverFi questions and answers 2023

EverFi questions and answers 2023Decision making Considering different information to make a choice Privacy Keeping important information to yourself or between yourself and close family members Financial literacy The knowledge and skills to manage money Financial institution a place, like a bank, that helps its members manage their money Financial advisor a person who is a professional at handling money and can give you information and advice about saving and investing Short-term goal a goal that can be achieved in a short amount of time. It can be a few days, weeks, or months Long-term goal a goal that can be achieved in a longer amount of time. It can be months, years or even an entire lifetime Want something you'd like to have but will be okay without Need something you truly can't live without Opportunity cost the cost you pay when you give up something to get something else Inflation the price of goods and services rises over time Income money earned from working and other means