Exam (elaborations)
WISE (Finance Economics) TEST STUDY GUIDE CORRECTLY ANSWERED.
- Course
- Institution
WISE (Finance Economics) TEST STUDY GUIDE CORRECTLY ANSWERED.
[Show more]
Content preview
WISE (Finance Economics) TEST STUDYGUIDE CORRECTLY ANSWERED.
A person's debt ratio shows the relationship between debt and net worth.
The lower the ratio the
Correct Answer -A: better off financially the person is.
A person complains about how expensive it is to be a cigarette smoker.
One of the reasons cigarettes are so expensive is that
Correct Answer -D: the government imposes an excise tax on them.
A good example of a well-stated financial goal is:
Correct Answer -B: Pay off $5,000 in credit card debt in two years
Money set aside to grow is typically called:
Correct Answer -D: savings or investments
A stock broker or financial consultant:
Correct Answer -A: Gives financial advice to clients
A well stated financial goal is:
Correct Answer -A: Realistic with a target date
Which of the following careers would be a possible choice for someone
interested in money and finance?
Correct Answer -A: Banker
, John's company will match his pre-tax contributions to the company's
retirement plan, known as:
Correct Answer -A: A 401(k)
A company offers a defined-contribution pension plan which means that
upon retirement the employee will receive
Correct Answer -B: the total amount of money contributed plus investment
earnings.
After five years of owning a Roth Individual Retirement Account (IRA), a
person wants to buy his first home, the person can withdraw money from
the Roth IRA
Correct Answer -A: tax and penalty free
The interest earned on United States Series EE Savings Bonds is
Correct Answer -A: exempt from state and local taxes.
A person owns a stock that pays a $2.00 a share dividend. If the person
chooses to reinvest that dividend, this means that the $2.00 will go toward
buying
Correct Answer -A: more of the same stock.
As an investment, a person decides to buy a small house that has three
rental apartments. The profits from this investment may be lower then
expected if the
Correct Answer -D: one of the apartments is not rented.
A pharmacy is to drugs as the American Stock Exchange is to:
Correct Answer -C: Securities
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 AcademicAllure. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now