Exam (elaborations)
WGU D363 PERSONAL FINANCE – EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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WGU D363 PERSONAL FINANCE – EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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WGU D363 PERSONAL FINANCE – EXAM 2024/2025WITH 100% ACCURATE SOLUTIONS
allocate - Precise Answer ✔✔to set apart or designate for a special
purpose; to distribute
What are municipal bonds? - Precise Answer ✔✔A type of investment
issued by state and local governments
What is the tax status of municipal bonds? - Precise Answer ✔✔They
are often tax exempt
What is another name for municipal bonds? - Precise Answer ✔✔They
are known as munis
money market - Precise Answer ✔✔the trade in short-term loans
between banks and other financial institutions.
liquidity - Precise Answer ✔✔the ease with which an asset can be
converted into cash
price stability - Precise Answer ✔✔No sudden increase or decrease in
the overall price of goods
annuity - Precise Answer ✔✔payment received every year
, insurance company - Precise Answer ✔✔A financial institution that
protects persons against the risk of financial loss.
stocks - Precise Answer ✔✔shares of ownership in a company
shares - Precise Answer ✔✔stocks
Certificate of Deposit - Precise Answer ✔✔a savings certificate that
gains interest and has a set time before you can withdraw your money
529 plan - Precise Answer ✔✔a savings plan for education operated by
a state or educational institution
457 Plan - Precise Answer ✔✔Deferred compensation plan available to
employees of many government entities.
surplus - Precise Answer ✔✔extra
brokerage firm - Precise Answer ✔✔Facilitates the buying and selling
of investments from a stock exchange
investment bank - Precise Answer ✔✔trades in financial assets and is
not covered by deposit insurance
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