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WISE TEST MULTIPLE CHOICE QUESTIONS WITH 100- SURE ANSWERS
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WISE TEST MULTIPLE CHOICE QUESTIONS WITH 100- SURE ANSWERS
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EUNICEWISE TEST MULTIPLE CHOICE QUESTIONS WITH 100%
SURE ANSWERS
Terms in this set (25)
If a person makes a deposit of $10,000 or A
more into a bank account, the bank must
notify the
A: US Treasury Department.
B: Federal Deposit Insurance Corporation.
(FDIC).
C: State Banking Commission.
D: Federal Reserve Board.
Joan wants to open a checking account B
and wonders if checking accounts pay
interest. How would you answer her
question?
A: All checking accounts pay interest
B: Some types of checking accounts pay
interest
C: Checking accounts never pay interest
D: Checking accounts pay interest if the
account balance does not fall below
$300.00
1/7
, A person is depositing $20 in cash and a ...
check for $50. On the checking account
deposit slip, the person should
A: include the reason that both cash and a
check are being deposited.
B: indicate what bank issued the check that
is being deposited.
C: indicate the amount of money that is
currently in the checking account as well as
in a savings account to cover the check.
D: list the cash deposit separately from the
check as well as the total of the deposit.
Which financial product may pay a ...
dividend?
A: Savings account
B: Money market account
C: Certificate of deposit
D: Common stock
Which financial product typically pays the ...
highest rate of interest?
A: Savings account
B: Money market account
C: Certificate of deposit
D: Common stock
When a person declares bankruptcy that ...
fact will appear on the person's credit
report
A: for a 3 year period.
B: for a 10 year period.
C: until the person repays all debts owed.
D: until the person is able to receive a new
credit card
What is meant by an uncollateralized loan? ...
A: A loan not backed by a co-signer who
agrees to cover the amount of the loan.
B: A personal loan without assets to cover
the loan amount.
C: A home equity loan.
D: A loan taken on a life insurance policy.
2/7
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