Personal finance wise - Study guides, Class notes & Summaries
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Personal Finance WISE Test Questions and Answers Already Passed
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Personal Finance WISE Test Questions 
 
and Answers Already Passed 
 
What does inflation refer to? 
A. The decrease in prices of goods and services 
B. The level of income received from investments 
 
C. The rise in the general price level of goods and services 
D. The amount of interest earned on savings 
 
C. The rise in the general price level of goods and services 
 
How is the time value of money best described? 
A. The appreciation of money due to market fluctuations 
B. The growth in the...
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Personal Finance WISE Test Questions and Answers Rated A+
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Personal Finance WISE Test Questions 
 
and Answers Rated A+ 
 
If an individual deposits $10,000 or more into a bank account, the bank is required to inform the: 
US Treasury Department 
 
The term that describes how easily and quickly you can convert an investment or savings into 
cash is: 
 
Liquidity 
 
Which financial instrument usually offers the highest interest rate? 
Certificate of Deposit 
 
What should a person do if they need to pay tuition at the end of August each year? 
Determine ...
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Economics and Personal Finance Wise Test Practice With Complete Solutions
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Economics and Personal Finance Wise 
Test Practice With Complete Solutions 
 
What should you check on a $200 gift card before using it? 
Review the terms or packaging for details on any inactivity fees. 
 
When assessing credit card offers, what is the key factor to consider? 
The annual percentage rate (APR) of the card. 
 
For a car loan with a 10% interest rate, when is the loan's total cost minimized? 
When repaid over 3 years. 
 
Which financial practice reflects an understanding of the t...
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Economic and Personal finance WISE Test Questions and Answers Already Passed
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Economic and Personal finance WISE 
Test Questions and Answers Already 
 
Passed 
 
If someone deposits at least $10,000 into their bank account, the bank is required to inform the: 
US Treasury Department 
 
Which account type offers the highest liquidity? 
Money market account 
 
What happens when you endorse a check with a blank endorsement? 
It can be cashed by anyone 
 
What is a money order? 
A certificate purchased to pay a specific amount to a designated recipient 
 
Why should James cas...
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Personal Finance WISE Test Questions and Answers 100% Correct
- Exam (elaborations) • 6 pages • 2024
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Personal Finance WISE Test Questions and Answers 100% CorrectPersonal Finance WISE Test Questions and Answers 100% CorrectPersonal Finance WISE Test Questions and Answers 100% CorrectPersonal Finance WISE Test Questions and Answers 100% Correct 
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 term used to describe the ease and speed with which you can convert savings or an investment to cash is: - ANSWER-Liquidi...
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Personal Finance WISE Test Questions and Answers 100% Accurate
- Exam (elaborations) • 6 pages • 2024
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Personal Finance WISE Test Questions and Answers 100% AccuratePersonal Finance WISE Test Questions and Answers 100% AccuratePersonal Finance WISE Test Questions and Answers 100% AccuratePersonal Finance WISE Test Questions and Answers 100% AccuratePersonal Finance WISE Test Questions and Answers 100% Accurate 
Inflation - ANSWER-the rise in the level of prices for goods and services 
 
Time Value of Money - ANSWER-the increase of an amount of money due to earned interest or dividends 
 
Balance ...
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Economic and personal finance WISE Test Questions and Answers 100% Correct
- Exam (elaborations) • 6 pages • 2024
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Economic and personal finance WISE Test Questions and Answers 100% CorrectEconomic and personal finance WISE Test Questions and Answers 100% CorrectEconomic and personal finance WISE Test Questions and Answers 100% CorrectEconomic and personal finance WISE Test Questions and Answers 100% CorrectEconomic and personal finance WISE Test Questions and Answers 100% Correct 
If a person makes a deposit of $10,000, or more into a bank account, the bank must notify the? - ANSWER-US Treasury Department 
...
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Personal Finance WISE Test Question and answers 100% correct 2024/2025
- Exam (elaborations) • 8 pages • 2024
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Personal Finance WISE Test Question and answers 100% correct 2024/2025 Personal Finance WISE Test 
 
Inflation - correct answer the rise in the level of prices for goods and services 
 
Time Value of Money - correct answer the increase of an amount of money due to earned interest or dividends 
 
Balance Sheet - correct answer statement that identifies the items you own, what you owe, and your net worth 
 
Paying Yourself First - correct answer the concept of setting aside a portion of yo...
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Personal Finance WISE Test questions correctly answered
- Exam (elaborations) • 7 pages • 2024
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Personal Finance WISE Test questions correctly answered
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Personal Finance WISE Test Graded A+
- Exam (elaborations) • 5 pages • 2024
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Personal Finance WISE Test Graded A+
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