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WISE (Finance Economics) ALL TOPICS TEST REVIEW QUESTIONS CORRECTLY ANSWERED.
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WISE (Finance Economics) ALL TOPICS TEST REVIEW QUESTIONS CORRECTLY ANSWERED.
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WISE (Finance Economics) ALL TOPICS TESTREVIEW QUESTIONS CORRECTLY
ANSWERED.
Money that remains after expenses are paid.
Correct Answer -Surplus
The amount of an individual's take-home pay after taxes and other
deductions have been taken out
Correct Answer -Net Income
the total amount of income from wages before any payroll deductions &
Taxes
Correct Answer -Gross Income
Is additional property insurance that covers the damage or loss of a
specific item of high value
Correct Answer -personal property floater
Would be appropriate for a woman receiving a very expensive piece of
jewelry, but has homeowners insurance.
Correct Answer -personal property floater
The amount of money which includes the premiums paid as well as the
interest on that money.
Correct Answer -whole life insurance " cash Value"
,The _______is to insure major potential losses and handle small losses
from one's own resources.
Correct Answer -purpose of Insurance
How much you pay for your insurance policy
Correct Answer -Insurance premiums
A Policy that accumulates cash value.
Correct Answer -whole life insurance
The amount of money that the policy holder pays when a claim is settled.
Correct Answer -deductible
A $250 ______, means the person will have to pay the first $250 out of
pocket before an insurer will pay any expenses.
Correct Answer -deductible
insurance that provides protection from claims arising from injuries or
damage to other people or property
Correct Answer -Liability insurance
covers motor vehicles, including automobiles, trucks, and motorcycles, the
injuries to the driver and passengers
Correct Answer -Automobile insurance
A type of insurance paid to an individual if he/she is injured and is unable
to work for a specified length of time.
Correct Answer -Disability Insurance
, a plan in which private companies or government programs pay for part
or all of a person's medical costs
Correct Answer -Health Insurance
a general increase in the value of property that occurs over time
Correct Answer -Appreciation
a certificate representing a promise to pay a definite amount of money at a
stated interest rate on a specified due date
Correct Answer -Bond
Occurs when investors are optimistic about the economy; prices of
securities are rising for a long period of time
Correct Answer -Bull Market
if a stock increases in value and is then sold for more than its original cost
Correct Answer -Capital Gain
if a stock decreases in value and is then sold for less than its original cost
Correct Answer -Capital Loss
a savings plan that requires funds to be left on deposit for a specific period
of time; higher interest rate than savings accounts; penalties for early
withdrawal
Correct Answer -Certificate of Deposit
items of personal interest to collectors that can increase in value in the
future; ancient coins, works of art
Correct Answer -Collectibles
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