FREE AND STUDY GAMES ABOUT EVERFI VOCAB EXAM

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FREE AND STUDY GAMES ABOUT EVERFI VOCAB EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -41 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Brokerage firm

Answer:

helps people invest their money

Question 2: Payment method

Answer:

what you use to pay for something, like cash or a check

Question 3: Wage

Answer:

payment for work, usually calculated on an hourly, daily, or piecework basis and paid on schedule-usually every week, two weeks, or month

Question 4: Need

Answer:

something you truly can not live without

Question 5: Risk

Answer:

an activity or action that might be dangerous

Question 6: Credit union

Answer:

just like a bank, only its members own it

Question 7: Opportunity cost

Answer:

the cost we pay when we give up something to get something else

Question 8: Financial advisor

Answer:

a person who is an expert at handling money and can give you information and advice about saving and investing

Question 9: Short-­?term goal

Answer:

a goal that can be achieved in a short amount of time. It can be a few days, weeks, or months

Question 10: Salary

Answer:

payment for work, represented as a yearly sum and paid in portions every week, two weeks, or month including sick time and vacation time

Question 11: Charity

Answer:

giving resources or volunteering time to help those in need

Question 12: Controlling risks

Answer:

stuff you do to make risks less dangerous or not dangerous at all

Question 13: Interest

Answer:

the extra fee charged for borrowing money, or the cost of borrowing money

Question 14: Assets

Answer:

what a person owns of value, such as jewelry, savings, art, a home, and a car

Question 15: Bank

Answer:

a place where people put their money for safekeeping, and for ease of use

Question 16: Entrepreneur

Answer:

a person who starts his or her own business

Question 17: Taxes

Answer:

fees placed on income, purchases, or property to support government programs

Question 18: Expense

Answer:

the cost of the things that people spend money on

Question 19: Reliability

Answer:

being trustworthy; being responsible

Question 20: Investing

Answer:

when you purchase a security like a stock or bond, in the hopes that over time it will make money

Question 21: Inflation

Answer:

the price of goods and services rises over time

Question 22: Income

Answer:

money earned from working and other means

Question 23: Health insurance

Answer:

helps people pay for medicine and doctors when they are sick or hurt

Question 24: Financial literacy

Answer:

the knowledge and skills to manage money

Question 25: Want

Answer:

something you would like to have but will be okay without

Question 26: Budget

Answer:

a spending plan people make in order to make sure there is enough income to cover all expenses

Question 27: Spend

Answer:

to use money to buy stuff