Wise practice tes - Study guides, Class notes & Summaries

Wise Practice Test Questions & Answers 2024 budget variance. - ANSWER-the difference between the budgeted amount and the actual amount that you spend debt ratio - ANSWER-shows the relationship between debt and net worth. debt ratio - ANSWER-The lower the ratio the better off financially the person is. debt ratio - ANSWER-calculated by dividing liabilities by net worth excise tax - ANSWER-government imposes a tax on specific goods and services such as alcohol, cigarettes, gasolin...

Banking Wise Practice Test Exam Questions with 100% Correct Answers 2024 If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the US Treasury Department- In order to track large deposits, the federal government requires that deposits of $10,000 or more be reported to the Treasury Department. Some concerns may be that a person might be trying to avoid paying taxes on game winnings or perhaps illegal gains The National Credit Union Administration (NCUA) i...

Wise Practice Test

Wise Practice Test Exam Questions with 100% Correct Answers budget variance. the difference between the budgeted amount and the actual amount that you spend debt ratio shows the relationship between debt and net worth. debt ratio The lower the ratio the better off financially the person is. debt ratio calculated by dividing liabilities by net worth excise tax government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline ...

Wise practice test Credit When a person declares bankruptcy that fact will appear on the person?s credit report B: for a 10 year period. uestion 2 : A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take? C: Notify the credit card companies in order to negotiate a new payment plan. Question 3 : Which of the following is considered to be open-end credit? C: Department store charge cards...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 Which of the following does the Federal Reserve use to regulate the nation's money supply? - answerC: 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: - answerB: Is purchased with a specific amount of money that can be used to pay for goods...

budget variance. - Answer- the difference between the budgeted amount and the actual amount that you spend debt ratio - Answer- shows the relationship between debt and net worth. debt ratio - Answer- The lower the ratio the better off financially the person is. debt ratio - Answer- calculated by dividing liabilities by net worth excise tax - Answer- government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline capital gains - Answer- ar...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 When buying cell phone insurance, the person should consider the cost of the annual insurance premium and compare it to the cost of... ...buying a new phone A person wants to start saving and needs to make withdrawals often. Her money needs to be safe and to earn interest. What is the best to meet her needs? Opening a savings account A person reconciling her checking account notices that the balance in her checkbo...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < An individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. The net worth of this individual is - ANSWER : $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the - ANSWER : purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover mo...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 Which of the following does the Federal Reserve use to regulate the nation's money supply? (Got Correct) Correct Answer : C: Monetary policy Reason : 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. In theory, if there is too little money in circulation, consumers will spend less, in...