A cash card generally - Study guides, Class notes & Summaries

APRP-Exam questions with complete solutions 2023Prepaid/Stored Value Card A card-based payment system that assigns a value to the card; some cards can be "reloaded"through various methods and the others are designed to be discarded. Credit card A card indicating the holder has been granted a line of credit to make purchases or withdraw cash up to a prearranged ceiling. 00:13 01:18 Debit card A payment card issued to a person for purchasing goods and services through ...

QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a comput...

Personal Finance WISE Test Questions and Answers Rated A+ If an individual deposits $10,000 or more into a bank account, the bank is required to inform the: US Treasury Department The term that describes how easily and quickly you can convert an investment or savings into cash is: Liquidity Which financial instrument usually offers the highest interest rate? Certificate of Deposit What should a person do if they need to pay tuition at the end of August each year? Determine ...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

WISE Financial Literacy Certification Test with Verified Solutions What are exemptions (also known as allowances) and how do they function? Exemptions, or allowances, are deductions from your taxable income if you are not a dependent on another’s tax return. Married couples filing jointly can each claim one exemption. These function similarly to deductions but with fewer restrictions. How do exemptions work when claiming dependents? You can claim extra exemptions for each dependen...

WISE Financial Literacy Practice Test Questions with Verified Solutions What tool does the Federal Reserve use to control the country's money supply? It utilizes monetary policy. Which of these is an example of an electronic funds transfer (EFT)? Transactions made at an ATM. Scott needs to set a PIN (Personal Identification Number) for his new ATM card. What method should he use to ensure the highest level of security for his PIN? He should create a random combination of numbers a...

Economic and Personal finance WISE Test Questions and Answers Already Passed If someone deposits at least $10,000 into their bank account, the bank is required to inform the: US Treasury Department Which account type offers the highest liquidity? Money market account What happens when you endorse a check with a blank endorsement? It can be cashed by anyone What is a money order? A certificate purchased to pay a specific amount to a designated recipient Why should James cas...

10-K vs. 10-Q Above vs. Below the Line Above the Line: Everything above Operating Income on the I/S that's tied to the core operations of a business Below the Line: Everything below Operating Income Accelerated Depreciation Method Methods that calculate a greater amount of depreciation in earlier years than later years Common Methods: Declining balance Sum of years digits Units of production The Accounting Equation Every transaction can be viewed as having two sides -- the source...

Which of the following does the Federal Reserve use to regulate the nation's money supply? - Answer- C: Monetary policy R:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the U.S. economy. A cash card generally: - Answer- B: Is purchased with a specific amount of money that can be used to pay for goods or services R: Consumers purchase cash cards for a specific amou...

CFCI Study Guide Latest Update Already Passed Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad- vantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud which involves the employees of the company against which the fraud is ...