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Everfi - Financial Literacy Review
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Everfi - Financial Literacy Review
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25 Questions

1. Check cashing companies typically charge low fees (T/F)

2. When considering a job offer, you should only consider how much you're being paid before you accept the offer. (T/F)

3. Net Pay

4. Benefits available from your employer

5. Stock

6. Emergency Fund

7. Access to investment advice is a common feature of a financial institution (T/F)

8. If you pay your credit card balance in full each month, it will increase your credit score (T/F)

9. What is a benefit of having a good credit score?

10. Possible tax or deduction which may show up on your paycheck

11. W-2

12. Using a loan could help you purchase a house (T/F)

13. In your budgeting process, you look at recurring expenses before reviewing your wants (T/F)

14. Credit cards can help build credit history when paid off on time regularly (T/F)

15. W-4

16. If you are behind on loan payments, a realistic option is for you can ask to get out of your loan (T/F)

17. What should you consider when setting a budget

18. Bank statements, credit statements, and records of cash expenses help you to estimate your __.

19. Unexpected expenses should be planned for (T/F)

20. To maintain a good credit score you must _____________.

21. Benefits of using a budget

22. There is no relationship between the level of education received and lifetime earnings (T/F)

23. Going directly to a car dealer for a loan to keep things simple is a...

24. To avoid spending more than what is in your bank account, you should keep your own records to compare with your financial institution's records (T/F)

25. A financial institution may offer for you to pay a little now and pay the rest after your next pay day if you are behind on loan payments (T/F)