Wise personal finance - Study guides, Class notes & Summaries

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...

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 Liquidity Which financial product typically pays the highest rate of interest? - Answer Certificate of Deposit What action should a person take who must make a tuition payment at the end of August each year? - Answer Decide how much mo...

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...

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 ...

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 ...

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...

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% 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...