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Exam (elaborations)

Wise Exam Questions And 100% Correct Answers

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Wise Exam Questions And 100% Correct Answers...

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  • September 29, 2024
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Wise Exam Questions And 100% Correct Answers


A good reason to have a credit card is that it allows the person not to carry large sums
of money on him or her.



uses his bank ATM card at his local grocery store's ATM that charges a 3.00 fee for each
transaction. he uses this ATM machine sometimes a month. This practice should be -
Answer no because the person is spending money unnecessarily and increasing the
chance of identity theft



panies are likely to place drivers in the "assigned risk pool" if they over age 65 - Answer
have several recent accidents



Rosario Hill's loan payment will be received by the bank on June therefore the correct
payment is - Answer 342.56



which dollar amount shown on the statement will definitley. rosario hill makes her
monthly payment? - Answer late charges



based on this statement, how much interest has Rosario loan this year? - Answer 932.27



This girl finds an error in her credit report. Where should she send the error? - Answer
to her creditors



identity theft one should not give his social security number on the phone unless -
Answer the phone call to the organisation where he has an account



how can a person improve his credit score - Answer pay the amount he owes on his
credit cards

, When someone uses a debit card to make a purchase, the amount of the purchase is
subtracted from the person bank account balance at the time of the sale



has been contributing regularly to her company's 401k plan. She decides to leave the
company. It would be financially advisable - Answer the money from the 401k plan and
use it as an emergency fund



applying for a 20 year old bank mortgage in order to buy a house. In how many years will
he be the outright owner of the house. - Answer the mortgage instalments have been
paid



Individuals and companies give so liberally to charitable causes? - Answer charitable
causes improve credit ratings



for buying as opposed to renting a house is because owning a house often - Answer
provides tax deductions and creates financial equity



shares of stock at $10 a share for a total of $400. She sells the 40 shares at $20 a share
for a total of $800. - Answer of $400$



a bank savings account is that it - Answer to earn interest while establishing a personal
finance history

certificate of deposit - Answer with a guaranteed rate of interest and a maturity date



cost - Answer take a summer vacation rather than work over the summer. the money
lost by not working is called:



financial planner - Answer to achieve financial goals



to deposit a check - Answer a signature is required in the back of a check

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