Exam (elaborations)
Wise Financial literacy with 100% correct answers
- Course
- Institution
Wise Financial literacy
[Show more]
Content preview
WiseFinancial
literacy
Sources
of
Income
-
ANS-W ages,
intest,
income
Exemption
-
ANS-Reduce
the
amount
of
taxes
Liquidity
-
ANS-How
easily
something
can
be
sold
Gift
Cards
-
ANS-A
closed
and
open
loop
system
Discretionary
Income
-
ANS-Not
allocated
for
food
or
shelter
Money
orders
-
ANS-It
is
used
like
a
check
Why
US
currency
has
value
-
ANS-There
is
a
belief
that
money
has
a
value
and
therefore
is
accepted
Opportunity
cost
-
ANS-What
choice
is
given
up
Who
is
hurt
the
most
and
least
with
inflation
-
ANS-Banks
are
most
hurt
and
less
hurt
are
people
who
owe
money
Role
of
Treasurey
-
ANS-Collect
taxes,
taxes
Pay
yourself
first
-
ANS-Automatic
fly
route
money
from
paycheck
to
savings
CD
-
ANS-A
time
deposit
Institutions
that
give
loans
-
ANS-Banks,
credit
unions,
pawnshops
Who
charges
the
most
for
loans
-
ANS-Pawnshops,
payday
lenders
Why
a
credit
union
is
good
-
ANS-Member
owned
co-operative
financial
institution
that
has
lower
interest
rates
on
loans
Overdraft
protection
-
ANS-A
feature
offered
by
banks
to
prevent
overdrafting
Compound
intee
-
ANS-Interest
earned
on
intrest
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 ACTUALSTUDY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now