Wise financial Study guides, Class notes & Summaries

WISE Financial Literacy Test Terms with Complete Solutions WISE Financial Literacy Test Terms with Complete Solutions WISE Financial Literacy Test Terms with Complete Solutions WISE Financial Literacy Test Terms with Complete Solutions In order to get spending under control, a person should first - ANSWER-create a budget of current income and expenses. Comparison shopping for a car is necessary because - ANSWER-the price for the car can vary a great deal. When a person receiv...

WISE Financial Literacy Certification Test Practice Exam Questions and Answers 100% CorrectWISE Financial Literacy Certification Test Practice Exam Questions and Answers 100% CorrectWISE Financial Literacy Certification Test Practice Exam Questions and Answers 100% CorrectWISE Financial Literacy Certification Test Practice Exam Questions and Answers 100% Correct Sources of Income - ANSWER-Wages, rentals, interest, capital, profit, investments, entrepreneurship Exemption (allowance) and how i...

Which of the following does the Federal Reserve use to regulate the nation's money supply? - Answer- Monetary policy Identify the background color of a U.S. $5.00 bill. - Answer- Green A type of electronic funds transfer (EFT) is: - Answer- An ATM transaction Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should he select a PIN that will give him maximum protection against anyone else being able to find out what the PIN is? - Answer- Use a...

Wise Financial Literacy Test Questions and Answers 100% VerifiedWise Financial Literacy Test Questions and Answers 100% VerifiedWise Financial Literacy Test Questions and Answers 100% VerifiedWise Financial Literacy Test Questions and Answers 100% Verified If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the: - ANSWER-US Treasury Department The most liquid type of investment is: - ANSWER-A money market account. He financial institution where Ms. San...

Earned Income - ANSWER Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income - ANSWER Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock Exemptions (aka allowance) and how they work - ANSWER If you are not claimed as a dependent on another taxpayer's return, then you can cla...

WISE financial literacy test

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WISE Financial Literacy Certification Term Review

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CREDIT Review for Wise Financial Literacy Test Latest Update Graded A+ What does APR stand for and what does it signify? APR, or Annual Percentage Rate, represents the yearly interest rate charged for borrowing or using credit. What does Chapter 7 of the Bankruptcy Code involve? Chapter 7 refers to a legal process where a debtor’s non-exempt assets are sold to pay off creditors, a procedure known as "liquidation." What is the purpose of Chapter 11 in bankruptcy law? Chapter 11...