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Economic and Personal finance WISE Test Questions and Answers Already Passed
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Economic and Personal finance WISE Test Questions and Answers Already Passed If someone deposits at least $10,000 into their bank account, the bank is required to inform the: US Treasury Department Which account type offers the highest liquidity? Money market account What happens whe...

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  • August 1, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • economic and personal finance wise test questions

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  • Economic and Personal finance WISE
  • Economic and Personal finance WISE

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1 Economic and P ersonal finance WISE Test Questions and Answers Already Passed If someone deposits at least $10,000 into their bank account, the bank is required to inform the: ✔✔US Treasury Department Which account type offers the highest liquidity? ✔✔Money market account What happens when you endorse a check with a blank endorsement? ✔✔It can be cashed by anyone What is a money order? ✔✔A certificate purchased to pay a specific amount to a desi gnated recipient Why should James cash his paycheck at his own bank instead of a check cashing store? ✔✔They typically charge high fees 2 What defines an uncollateralized loan? ✔✔A personal loan without assets to back it How long does a bankruptcy app ear on a credit report? ✔✔For a 10 -year period If someone has large outstanding balances on three credit cards and can't make payments, what should they do? ✔✔Notify the credit card companies to negotiate a new payment plan What type of transaction o ccurs when a person pawns an item for cash? ✔✔A collateralized loan To be eligible for a Federal Housing Administration (FHA) loan, a person must generally: ✔✔Fulfill income guidelines Which type of credit is considered open -end? ✔✔Department store charge cards

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