MR. ROUTH'S SOCIAL STUDIES



EverFi Questions- Review Guide Due the following Monday after Module is CompleteModule 1: Savings(5/3)What is the difference between simple interest and compound interest?When making a budget, what is the difference between fixed costs and variable costs?Explain the concept of “needs vs. wants” when planning a budget.Why is it important to keep and maintain a savings account?Module 2: Banking (5/3)What is the FDIC and what does it do?Identify the different types of account fees.What are the different parts of a check?Module 3: Payment Types, Interest Rates, and Credit Cards (5/24)Explain how the following payment types work:Credit Card - Debit Card - Merchant Card - Cash Advance - Payday Loan – How does interest on a credit card work?Module 4: Credit Scores(5/31)What is a credit score?What kind of actions can positively or negatively impact a credit score?What are the steps to monitor your credit and fix errors?Module 5: Financing Higher Education(5/31)What does return on investment mean?Explain the importance of applying for federal aid through FAFSA.What are the different student loan repayment options?Module 6: Renting vs. Owning (4/26)Compare the differences between renting, leasing and owning.What is a mortgage?Identify the advantages and disadvantages of a mortgage.What are the advantages and disadvantages of leasing a car?What are the advantages and disadvantages of owning a car?Module 7: Taxes and Insurance(5/17)Identify three different types of taxes.Which tax form do you use to file income tax?How do taxes impact your take-home pay?What is the function of insurance?Identify three different types of insurance.Module 8: Consumer Fraud (5/31)Explain the purpose of consumer protection laws.How do you spot, address and protect yourself from consumer fraud and identity theft?Module 9: Investing(5/10)What type of investment is the riskiest financially? What type is the least risky financially?How do you buy stock in a company?Why do people buy and sell stock? ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download