Exam (elaborations)
Wise Financial Literacy Test.
- Module
- Pathophysiology EXAM 4 UTA
- Institution
- Pathophysiology EXAM 4 UTA
Wise Financial Literacy Test.
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Wise Financial Literacy TestIf you have a whole life insurance policy with a cash surrender value, and you surrender
the policy, what will you receive? - ANS-a calculated amount of money which includes
part of the premiums paid as well as the interest on that money (because they're not
going to give you the whole amount back)
What is capital gain? - ANS-Income on stocks
What is a bull/bear market? - ANS-A bull market is a promising market (bull attacks up)
A bear market is a market that isn't doing well (bear attacks down)
What is an exemption? - ANS-the amounts of money you get taken away from taxes for
having dependents
Annual deductible - ANS-What you have to pay in the beginning of the year before
insurance kicks in
Managed Health Care Plan - ANS--you have to go to your primary care physician who
determines whether you should see a specialist
-co-pays at the primary care physician
What is the only type of life insurance without a cash value? - ANS-Term
When you reinvest dividends, what does that go towards buying? - ANS-More of the
same stock
What is the largest equities market in the world? - ANS-New York Stock Exchange
(NYSE)
Mutual Funds - ANS-an investment that holds a wide range of different investment
instruments, providing diversification
Money Market - ANS-safe, bank offering
Growth stocks - ANS-new companies that are trying to grow (you want to invest in
them)
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