Wise Practice Test Questions and Correct Answers the Latest Update and Recommended Version
3 views 0 purchase
Course
Wise
Institution
Wise
budget variance.
→ the difference between the budgeted amount and the actual amount that you spend
debt ratio
→ shows the relationship between debt and net worth.
debt ratio
→ The lower the ratio the better off financially the person is.
debt ratio
→ calculated by dividing liabilitie...
→ If held over one year are considered long-term capital gains and are taxed at a
lower tax rate or in some cases are not taxed at all.
variable expenses
→ change from one period to another,examples Electricity and food expenditures
get advice from your friends
→ will help you the least in managing your money?
Financial planning
→ the process of developing and implementing a coordinated series of actions to achieve
financial success.
Financial planning
→ need to be reviewed and adjusted to accommodate changing needs and goals.
emergency fund
→ Should be an important consideration when saving money
liquidity
→ being in cash or easily convertible to cash, How easily an asset can be converted into
cash
Social Security
→ benefits depends on the person?s earnings over a lifetime of work
1|Page| GradeA+ | 2 0 0 2 5
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
