100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Wise Test Questions and Answers 100% Pass $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Wise Tst
  4.  
  5. Wise Tst

Exam (elaborations)

Wise Test Questions and Answers 100% Pass
 9 views  0 purchase
  • Course
  • Wise Tst
  • Institution
  • Wise Tst

Wise Test Questions and Answers 100% Pass If a person earns $36,000 annually, owns assets worth $156,000, and has liabilities totaling $85,000, what is their net worth? Their net worth is $71,000. (Net Worth = Assets - Liabilities) When evaluating renters insurance, what should be unders...

[Show more]

Preview 2 out of 11  pages

Document information

  • August 1, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wise test questions and answers 100 pass

Written for

  • Wise Tst
  • Wise Tst

Seller

avatar-seller
BrilliantScores

Reviews received

Content preview

1 Wise T est Questions and Answers 100 % Pass If a person earns $36,000 annually, owns assets worth $156,000, and has liabilities totaling $85,000, what is their net worth? ✔✔Their net worth is $71,000. (Net Worth = Assets - Liabilities) When evaluating renters insurance, what should be understood about its purpose? ✔✔It is designed to protect against financial losses from incidents like fire, theft, and personal injuries. (Renters insurance is meant to cover financial losses related to the rented property. Premiums are influenced by risk, not inc ome, and landlords’ insurance does not cover renters’ losses.) Which type of borrowers typically receive the lowest interest rates on loans? ✔✔Those with high credit scores usually receive the lowest interest rates. Why is insurance often referred to a s a way of "sharing the risk"? ✔✔It spreads the risk among other policyholders. (Insurance involves pooling risks among many people; we contribute to the fund, and those who need it can draw from it.) 2 What happens to your car insurance premium if you in crease your collision deductible from $200 to $400? ✔✔The premium will decrease. (A higher deductible results in a lower monthly premium.) What type of organization is a credit union? ✔✔It is a not -for-profit financial institution that operates like a bank and is owned by its members. What characteristic should all effective financial goals have? ✔✔They should include a specific target date for completion. Why are mutual funds often regarded as a prudent investment choice? ✔✔They offer diversific ation by investing in a variety of stocks and bonds. (Mutual funds pool money from many investors to invest in diverse assets, which lowers risk.) Which sequence lists assets from the most liquid to the least liquid? ✔✔Savings account, certificate of de posit (CD), real estate.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 BrilliantScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83100 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart