EVERFI Module 1 Banking Basics Answers_Summer 2023.Questions with Correct Answers.

EVERFI Module 1 Banking Basics Answers_Summer 2023. 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 (Correct Answer) - 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 (Correct Answer) - 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 (Correct Answer) - b. They offer bad deals where you'll owe a lot more than you borrowed