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