Payday loans - Study guides, Class notes & Summaries

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 Financial Literacy Test terms Sources of income - answerwages, rentals, interest, capital, profits, investments, entrepreneurship exemption - answeralso called allowance: used to reduce amount of taxed income liquidity - answerthe degree of ease in which assets can be sold gift cards - answerclosed loop system and open loop system; can be purchased in fixed amounts and redeemed for purchases from particular businesses discretionary income - answeralso called budget surplus; not alloc...

If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - Anywhere between $50 to $500 When you select a financial services provider, what are major factors to consider? - Convenience; Service; Interest rates (borrowing); Fees What type of financial services does a credit card company provide - Short-term lending What type of financial services does a investment company provide - Mutual funds, money market funds What type...

FCS-340 Exam 2 Questions with Correct Answers If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - ANSWER Anywhere between $50 to $500 When you select a financial services provider, what are major factors to consider? - ANSWER Convenience; Service; Interest rates (borrowing); Fees What type of financial services does a credit card company provide - ANSWER Short-term lending What type of financial services does a i...

FCS 340 Exam Questions with Correct Answers If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - ANSWER $50 When you select a financial services provider, what are major factors to consider? - ANSWER -Borrow money if needed. -Min. cost of checking & payment services -Bet return on savings What type of financial services do to the following provide? a. A credit card company- b. An investm...

assets - money and other valuables belonging to an individual or business, e.g a car, a house, stocks/retirement, antiques, collectibles stuff that you OWN opportunity cost - Cost of the next best alternative use of money, time, or resources when one choice is made rather than another Sources of Income - wages, rentals (real estate), interest, capital, profits, investments, entrepreneurship Exemption (aka an allowance) and how does it work - allowance is used to reduce amoun...

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...

FBLA Introduction to Business Questions and Answers 100% Pass One of the disadvantages of having a partnership is unlimited liability An organization that is owned and operated by its members is a ______ cooperative A contractual agreement to use the name and sell the products or services of a company in a designated geographic area is called a ______ . franchise If one of your goals is to limit your personal liability, it would be best to organize your business as a ______ . cooperation A b...

Solutions| A+ Liquidity - The ability to convert an asset to cash quickly Products that are liquid - Stocks and Money Market accounts Gift Cards - a card that is given as a gift with a specified amount of money. There is a monthly inactivity fee that may begin after 12 months. Discretionary income - The amount of an individuals income that is left for spending investing or saving after taxes and personal necessities. Money orders - a certificate that allows the stated...

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...