EverFi Post test questions and answers latest 2023

EverFi Post test questions and answers latest 2023Which will most benefit you financially? A savings account that compound interest daily (Check all that apply) Which of the following are examples of types of savings vehicles? Certificate of deposit (CD) Money Market Account Savings Account Use the Rule of 72 to calculate how long it will take for your money to double if it's earning 6% in interest: 12 yrs Using the following chart: If Asim earns $250 per month. Which statement below is most correct? * Asim spends more than she makes. Use the below figure to answer the following: The first set of numbers () on the check represents the: * bank routing number Which of the following typically have the highest fees? Payday Lender Which type of bank account typically offers no interest? Checking Use the below figure to answer the following: The set of numbers (101) on the top-right of the check represents the: check number Which of the following typically has the lowest fees or costs to use? Debit Card Use the Credit Card Disclosure to answer the following: What is the annual fee for this card? $0 Use the Credit Card Disclosure to answer the following: What is the customary APR on purchases after the initial 12 months? 18.25% The term referring to the rate of yearly interest for your credit card is commonly known as: APR (Check all that apply) Good credit is usually required for which of the following: (1) Buying a new car (2) Purchasing a home (3) Getting a credit card (4) Renting an apartment (Check all that apply) Which of the following could potentially damage your credit score? (1) Paying a credit card bill late (2) Opening 3 credit cards at once (3) Ignoring a late payment notice Your credit history is tracked by all of the following EXCEPT: Federal Reserve Which of the following is an advantage of federal student loans? Federal student loans have a fixed interest rate. The period before you have to begin repaying your student loans is known as the: Grace Period The form filed by students to receive federal financial aid for school is known as: FAFSA Borrowing a subsidized federal student loan means: The government will pay the interest on the loan until 6 months after you graduate (Check all that apply) Which of the following should you take into consideration when deciding to buy or lease a car? (1) Cost of the car (2) Monthly loan payment (3) Down payment (4) Your monthly budget (5) Your current savings Which statement is most correct when choosing to rent or buy a home? Buy or rent a home based on your individual circumstance What are the responsibilities of a renter versus an owner? An owner of a house has complete responsibility and control over the property Which of the following statements is most correct? A benefit of owning a home is that the value may appreciate. By what date must federal taxes typically be filed and sent to the IRS? April 15th Which form is your employer required to send to you before you file your tax return? W-2 Which of following drivers will likely pay the highest auto insurance premiums? Younger, inexperienced drivers Isaiah needs to visit the doctor. The cost of the appointment without insurance is $200.Isaiah has an insurance plan through his employer with a $50 monthly premium and $20co-pay. How much will Isaiah have to pay his doctor? * $20 How often are you entitled to a free credit report from each of the major credit reporting companies? Yearly