100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Wise Questions and Answers Latest Update Graded A+ $9.99   Add to cart

Exam (elaborations)

Wise Questions and Answers Latest Update Graded A+

 7 views  0 purchase
  • Course
  • Wise Tst
  • Institution
  • Wise Tst

Wise Test Review All Topics Questions And Answers Rated A+ What term describes assets used to secure a loan? Collateral Which factor assesses your ability to repay a loan based on your available funds? Capacity What term refers to the overall value of money and property owned by a...

[Show more]

Preview 3 out of 23  pages

  • August 1, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Wise Tst
  • Wise Tst
avatar-seller
BrilliantScores
1 Wise Test Review All Topics Questions And Answers Rated A+ What term describes assets used to secure a loan? ✔✔ Collatera l Which factor assesses your ability to repay a loan based on your available funds? ✔✔ Capacity What term refers to the overall value of money and property owned by an individual? ✔✔ Capital What characteristic signifies a person’s integrity and rel iability? ✔✔ Character How is a person's history of borrowing and repaying described? ✔✔ Credit history 2 In the U.S., what is the maximum amount you could be liable for if your credit card is stolen and used without authorization? ✔✔ 50 dollars If only the credit card number is stolen, what does federal law guarantee regarding liability? ✔✔ Zero liability ("Owes nothing") What does the abbreviation EFT stand for in financial transactions? ✔✔ Electronic Funds Transfer Which organization insures up to $250,000 of your money in a single account? ✔✔ FDIC Which type of credit involves a revolving line of credit and is offered by stores? ✔✔ Department store charge cards If someone has large credit card debts and is una ble to make payments, what should they do? ✔✔ Contact the credit card companies 3 How long will a bankruptcy declaration remain on a person's credit report? ✔✔ 10 years What defines an unsecured loan? ✔✔ A personal loan that is not backed by any asse ts What type of transaction occurs when an item is brought to a pawnshop for cash? ✔✔ A collateralized loan Which tool does the Federal Reserve use to control the nation's money supply? ✔✔ Monetary policy What are the main sources of income for most people aged 20 to 35 who are not receiving pension or social security? ✔✔ Salaries, wages, and tips How does a person's debt ratio reflect their financial situation?

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)

79064 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