Financial literacy - Study guides, Class notes & Summaries

BYU Financial Literacy Final Test 100% Correct What is the definition of a "want"? a. something you would like to have but have to purchase on credit b. something you would like to have and something you must have c. something you would like to have but can survive without d. something you would like to have as long as it doesn't cost too much - Correct Answer ️️ -something you would like to have but can survive without Paul wants to purchase a brand new truck. He has to take out a...

Wise Financial Literacy Certification Test Topic Check List Graded A+ What are the different ways people can earn income? Income can come from wages, rental properties, interest, investments, business profits, and entrepreneurial activities. How does an exemption (also known as an allowance) function in taxation? An exemption reduces the portion of your income that is subject to taxes. What is liquidity, and what are examples of liquid assets? Liquidity refers to how easily asset...

GEB 3006 EXAM 3 FINANCIAL LITERACY

GEB 3006 Financial Literacy Exam Questions And Answers With Real Tests Which of the following is NOT an example of an economic recovery "curve"? N shaped. Which type of economic recovery curve would be the WORST in terms of the impact on the economy? L shaped. Congress passing a trillion-dollar stimulus package to combat the COVID 19 virus would be an example of ______ policy. Fiscal.

BYU Independent Study Financial Literacy Final Questions and Answers Already Passed How long does a Chapter 7 bankruptcy typically impact your credit history? It remains for ten years. What is the primary effect of filing for Chapter 7 bankruptcy? It provides a clean slate for your financial situation. What is the average student loan debt for college graduates? Around $29,000 When is it most advantageous to apply for a credit card? When your income is sufficient to manage an...

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...

GEB 3006 EXAM 3 Financial Literacy Questions with Correct Answer1.

WISE Financial Literacy Certification Term Review with Complete Solutions What does an exemption refer to in terms of taxation? It is a legal deduction that lowers the amount of income subject to tax. What is a gift card and how does it function? A gift card is a prepaid card with a fixed amount of credit that can be used for purchases at a designated store. What does discretionary income or a budget surplus represent? It is the portion of income available for spending after taxes ...

W!SE Financial Literacy Certification Test Topic ChecklistW!SE Financial Literacy Certification Test Topic ChecklistW!SE Financial Literacy Certification Test Topic ChecklistW!SE Financial Literacy Certification Test Topic ChecklistW!SE Financial Literacy Certification Test Topic Checklist Earned Income - ANSWER-Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income - ANSWER-Any income that comes from investm...

Financial Literacy Exam| 174 Questions and Answers 100% CorrectFinancial Literacy Exam| 174 Questions and Answers 100% CorrectFinancial Literacy Exam| 174 Questions and Answers 100% CorrectFinancial Literacy Exam| 174 Questions and Answers 100% Correct When is the best time to apply for a credit card? - ANSWER-when you have enough income to pay your debts How long will a chapter 7 bankruptcy usually remain on your credit report? - ANSWER-ten years Define debt. - ANSWER-the state of owing ...