Wise test study - Study guides, Class notes & Summaries

RSC2601 – Research in Social Sciences 1 RSC2601 - Research in the Social Sciences EXAM PREPARATION This document is a compilation of past UNISA exam Questions and Answers, Assignment Questions and Answers, as well as Test Yourself Questions and Answers from Studyguide. Answers are motivated by a combination of: • Page references to the UNISA Study Guide: • Short summaries regarding the relevant topic(s) in question. Past exams covered are: • May/Jun 2011 • Oct/Nov...

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 unauthorized purchases he is liable for is: - $50 Consumers who file for bankruptcy are still responsible for: - Tax claims and student loans Which of the following provides an increase in assets or wealth? - Having capital gains The denominations of coins in the United States ar...

Wise Test Study Guide Question and answers rated A+ 2024/2025 wise test review #1 a person has three credit cards with large outstanding balance and is unable to make payments on any of them. what action should the person take? - correct answer notify the credit card companies in order to negotiate a new payment plan what is meant by an uncollateralized loan? - correct answer a personal loan without assets to cover the loan amount when a person brings an item to a pawn shop to obta...

In order to get spending under control, a person should first - Create a budget of current income and expenses Comparison shopping for a car is necessary because - The price for the car can vary a great deal Financial planners generally stress the importance of starting to save and invest early because - Of the power of compounding and appreciation An important feature of a good financial goal is that the goal - Has a specific time frame Purchasing power decreases and it costs more m...

Sources of income: - wages, rentals, interest, capital, profits, investments, entrepreneurship • Exemption (aka an allowance) and how does it work: allowance is used to reduce amount of taxed income Liquidity—what does it mean; what products are liquid - the degree of ease in which assets can be sold Gift cards and how they work (a monthly inactivity fee may begin after 12 months) - closed loop system and open loop system Discretionary income or budget surplus: - not allocated fo...

Wise Test Study Guide Questions And Answers With Verified Solutions Wise Test Study Guide Questions And Answers With Verified Solutions

WISE PRACTICE TEST- COMPLETE STUDY GUIDE QUESTIONS AND ANSWERS 2023 NEW UPDATE Question : To qualify for a Federal Housing Administration (FHA) loan, a person must generally A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should focus on which question first? A: Will I find a balance between financial rewards and personal satisfaction from work? A company offers a defined-contribution pension pl...

What are the sources of income? - wages, rentals, interest, capital, profits, investments, entrepreneurship What is exemption (allowance) and how does it work? - allowance is used to reduce amount of taxed income What are Gift Cards and how do they work? - they are a closed loop system and open loop system What is a money order? - it is a payment order for a pre-specified amount of money and is purchased at different types of stores -- it is used as a check. Why does the U.S. currenc...

What is money? - Medium of exchange What are some examples of mediums of exchange? - Money What is the US currency currently backed by? - Full faith and trust in the US government What is the role of the US Department of Treasury? - They print dollar bills and mint coins What are some methods for receiving or paying for goods OTHER than cash? - Credit card and electronic transfers Provide examples of sources of income (how you make money) - Earned, business, interest, and dividend...

Wise Test Study Guide Questions & answers