Podcast
Questions and Answers
Which of the following is a key focus of the EverFi Future Smart program?
What is the purpose of the EverFi Future Smart program?
Who is the target audience for the EverFi Future Smart program?
Which of the following best describes the concept of opportunity cost?
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What is a budget?
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Which of the following is an example of a fixed expense?
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What is the definition of savings?
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What is a credit card?
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Study Notes
EverFi Future Smart Program
- The key focus is on enhancing financial literacy through interactive lessons and real-life scenarios.
- Its purpose is to equip students with critical financial skills necessary for making informed decisions in the future.
- The target audience includes middle and high school students to prepare them for financial independence.
Opportunity Cost
- Opportunity cost refers to the value of the next best alternative that is forgone when making a choice, highlighting the trade-offs in decision-making.
Budget
- A budget is a financial plan that outlines expected income and expenses over a specific period, helping individuals manage their resources effectively.
Fixed Expense
- An example of a fixed expense is a monthly rent payment, which remains constant and does not fluctuate over time.
Savings
- Savings is defined as the portion of income that is not spent and is set aside for future use or emergencies, contributing to financial security.
Credit Card
- A credit card is a financial instrument that allows individuals to borrow money up to a certain limit to make purchases, with the obligation to pay back the borrowed amount, typically with interest.
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Description
Test your knowledge about the EverFi Future Smart program with this quiz! Discover the key focus, purpose, and target audience of this educational initiative. Challenge yourself and see how well you understand the goals and objectives of the EverFi Future Smart program.
