Money, Intro to Finance (W!SE Practice Questions) with Complete Solutions
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Money, Intro to Finance
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Money, Intro To Finance
Money, Intro to Finance (W!SE Practice
Questions) with Complete Solutions
How does a person's level of education typically affect their earning potential?
An individual with a professional degree generally earns at least four times more annually
compared to someone who did not finish high sch...
1 Money, Intro to Finance (W!SE Practice Questions) with Complete Solutions How does a person's level of education typically affect their earning potential? ✔✔An individual with a professional degree generally ea rns at least four times more annually compared to someone who did not finish high school. When you make a purchase with a debit card, what usually happens? ✔✔The amount is typically withdrawn immediately from your checking account. If Susan allow ed Marie to use her debit card and PIN to withdraw $25, but Marie took out $100, what can Susan do to recover the extra $75? ✔✔Susan cannot receive reimbursement from the bank or any government agency because she permitted Marie to use the card and PIN . Where should funds for saving, investing, or spending not come from? ✔✔Capital losses from selling stock. Losses mean less money available for other financial activities, unlike capital gains which result in a profit. 2 What are the main income s ources for individuals aged 20 to 35 who are not reliant on pensions or social security? ✔✔Salaries, wages, and tips. What is a drawback of using phone cards, debit cards, electronic transfers, and ATMs? ✔✔There is an increased risk of identity theft. What is a cash card typically? ✔✔A card bought with a set amount of money for paying for goods or services. Which of the following leads to an increase in financial assets or wealth? ✔✔Capital gains, which are profits made from selling investments like stocks, bonds, or real estate. How does new currency enter the economy for use by consumers and businesses? ✔✔Through the distribution network of the Federal Reserve System. What is the common term for U.S. money?
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