Everfi-Finance

Which of the following best describes deflation?

A decrease in the cost of goods and services

What might be one reason stock becomes more valuable over time?

All of the above;There is a lot of demand for the product, The industry is growing, The company is well-managed

Before buying a new computer, you want to do some research to help you select the best model for your needs. Where should you go:

An independent consumer education website that reviews and rates technology

Which of the following is the most effective strategy for reducing the cost of college? 16

Attending an in-state public university

Which interest-bearing account is best for people who won't need access to their money for more than a year?

Certificate of Deposit

If you know the unit price of an item, you are better able to:

Compare prices of two brands

The more ____________________ you receive; the more money you will likely earn in your career.

Education and training

______ is withheld from a paycheck and is used to fund government services such as health care, national defense, etc.

Federal Income Tax

Which of the following statements is an example of a personal skill:

I'm a really good cook

The average price of a gallon of milk increased from $3.00 last year to $3.50 this year. This is most likely due to

Inflation

Aaron wants to open a savings account. Which account will grow his money the most?

Interest rate 2%, Interest compounded daily

What is the first thing you should do when career planning?

Make a list of your job preferences and skills

_____ are loans to a company or government from a set amount of time.

bond

A _____ is a small piece of ownership in a company

stock

Which of the following is NOT a successful budgeting strategy?

Pay with a credit card if you have a hard time sticking to a budget

Which factor has the biggest impact on a credit score?

Payment History

Revenue is:

The amount of money a company makes from sales

What is a premium?

The amount you pay the insurance company for coverage.

Amy's new summer job at the pool will pay her $9 per hour. Which term describes this type of hourly income?

Wage

Select the answer that best describes opportunity cost:

What you give up as a result of choosing one option versus another; a trade

What is the problem with paying only your minimum credit card balance each month?

You have to pay interest