Wise practice test credit - Study guides, Class notes & Summaries

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of the unauthorized purchases he is he liable for is: c.The total amount b.$50 d.$25 - answerB Why is term life insurance usually the least expensive type of life insurance? a. The policy only pays a death ben...

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...

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 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 One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of the unauthorized purchases he is he liable for is: c.The total amount b.$50 d.$25 - answerB Why is term life insurance usually the least expensive type of life insurance? a. The policy only pays a death ben...

Economics and personal finance wise test practice|Complete Questions with A+ Graded Answers A person receives a $200 gift card. It is important for the person to? Read the conditions on the card or packaging about inactivity fees Which is the most important question to ask when comparing credit car offers? What is the APR on the credit card A person had a car loan with a 10% interest rate. The loan would cost the least amount if it is paid back in? 3 years Which approach to mo...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of the unauthorized purchases he is he liable for is: c.The total amount b.$50 d.$25 - answerB Why is term life insurance usually the least expensive type of life insurance? a. The policy only pays a death ben...

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...

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 Exam Questions With 100% Correct Answers 2024/2025 To qualify for a Federal Housing Administration (FHA) loan, a person must generally A. have at least a high school diploma. B. have one-quarter of the cost of the home for a down-payment. C. fulfill income guidelines. D. provide two individuals to co-sign the loan. Correct Answer C Reason The Federal Housing Administration (FHA) insures lenders who make mortgage loans that are riskier than regular bank loans because F...