Wise Test Review Questions and Answers 100% Accurate
11 vistas 0 veces vendidas
Grado
Wise Financial Literacy
Institución
Wise Financial Literacy
Wise Test Review Questions and Answers 100% AccurateWise Test Review Questions and Answers 100% AccurateWise Test Review Questions and Answers 100% AccurateWise Test Review Questions and Answers 100% Accurate
1. When using a debit card what should you immediately do upon use? - ANSWER-Record it in...
Wise Test Review Questions and Answers 100% Accurate Wise Test Review Questions and Answers 100% Accurate
1. When using a debit card what should you immediately do upon use? - ANSWER-
Record it in your checkbook register
2. Why buy renter's insurance? - ANSWER-To protect your belongings in case of fire or theft
3. Why do you pay a lower rate on a car loan verses a personal loan? - ANSWER-The car is collateral for the loan
4. Why do corporations issue bonds? - ANSWER-To borrow money from investors
5. Why are payday loans the worst choice? - ANSWER-These loans often result in a pattern of needing to continue borrowing and usually come with the highest interest rate
6. How does the Federal Reserve System (FED) protect depositors & banks? - ANSWER-Regulates the number of branches a member bank can have
7. What would typically happen to a publicly traded company's stock if they lost a major lawsuit? - ANSWER-Stock prices would decrease
8. If you have multiple credit cards, how much shows on your credit report that you owe? - ANSWER-The total amount owed on all credit cards at the time that the report is
run
9. If your credit card bill was more than you budgeted, as a financially literate person, what should you pay? - ANSWER-Pay the bill and full if possible and reduce the budget somewhere else
10. Why would the purchasing power of money decrease? - ANSWER-inflation
30. What is a benefit of using a debit card? - ANSWER-Reduces the amount of cash carried
31. If you go to the doctor and you have a $25 co-pay, what does that mean? - ANSWER-You will be responsible for $25 regardless of the cost of the visit
11. You generally pay $150 a month on groceries. This year the inflation rate is 10%. What will happen to the amount of groceries and the price you pay for groceries? - ANSWER-Groceries stay the same but the price goes up
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $11.49. You're not tied to anything after your purchase.
