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W!SE FINANCIAL LITERACY CERTIFICATION EXAM BUNDLE
W!SE FINANCIAL LITERACY CERTIFICATION EXAM BUNDLE
[Show more]W!SE FINANCIAL LITERACY CERTIFICATION EXAM BUNDLE
[Show more]Which of the following does the Federal Reserve use to regulate the nation's money supply? - Monetary policy 
 
Identify the background color of a U.S. $5.00 bill. - Green 
 
A type of electronic funds transfer (EFT) is: - An ATM transaction 
 
Scott just got an ATM card to use and must ch...
Preview 2 out of 10 pages
Add to cartWhich of the following does the Federal Reserve use to regulate the nation's money supply? - Monetary policy 
 
Identify the background color of a U.S. $5.00 bill. - Green 
 
A type of electronic funds transfer (EFT) is: - An ATM transaction 
 
Scott just got an ATM card to use and must ch...
Earned Income - Income derived from active participation 
in a trade or business, including wages, salary, tips, 
commissions and bonuses. 
 
Unearned Income - Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, ...
Preview 3 out of 18 pages
Add to cartEarned Income - Income derived from active participation 
in a trade or business, including wages, salary, tips, 
commissions and bonuses. 
 
Unearned Income - Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, ...
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. 
 
Dis...
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Add to cartSolutions| 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. 
 
Dis...
A+ 
Question : To qualify for a Federal Housing Administration (FHA) loan, a person must generally 
 
 A: have at least a high school diploma. 
 B: have one-quarter of the cost of the home 
 for a down-payment. 
 C: fulfill income guidelines. 
 D: provide two individuals to co-sign the loan. - ...
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Add to cartA+ 
Question : To qualify for a Federal Housing Administration (FHA) loan, a person must generally 
 
 A: have at least a high school diploma. 
 B: have one-quarter of the cost of the home 
 for a down-payment. 
 C: fulfill income guidelines. 
 D: provide two individuals to co-sign the loan. - ...
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 
 
So...
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Add to cartassets - 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 
 
So...
Which of the following does the Federal Reserve use to regulate the nation's money supply? - Monetary policy 
 
The denominations of coins in the United States are: - $.01, $.05, $.10, $.25, $.50, and $1.00 
 
The primary sources of income for most people between the ages of 20 and 35 who are...
Preview 2 out of 7 pages
Add to cartWhich of the following does the Federal Reserve use to regulate the nation's money supply? - Monetary policy 
 
The denominations of coins in the United States are: - $.01, $.05, $.10, $.25, $.50, and $1.00 
 
The primary sources of income for most people between the ages of 20 and 35 who are...
Barter - Exchange goods without involving money. 
 
Cash Card/Gift Card - A prepaid payment card that contains a specific amount of money and that anyone can purchase and use, regardless of their credit score. 
 
Cashless Society - A society in which purchases of goods or services are made ...
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Add to cartBarter - Exchange goods without involving money. 
 
Cash Card/Gift Card - A prepaid payment card that contains a specific amount of money and that anyone can purchase and use, regardless of their credit score. 
 
Cashless Society - A society in which purchases of goods or services are made ...
sources of income - wages, stocks, interest, salary 
 
exemption - a deduction allowing to reduce the amount of your income that would be taxed 
 
liquidity - access to money fast 
 
discretionary income - extra money you can use for anything 
 
money orders - bought @ bank; if you do...
Preview 2 out of 7 pages
Add to cartsources of income - wages, stocks, interest, salary 
 
exemption - a deduction allowing to reduce the amount of your income that would be taxed 
 
liquidity - access to money fast 
 
discretionary income - extra money you can use for anything 
 
money orders - bought @ bank; if you do...
If you are denied credit based on your credit report, you are entitled to a: - Correct Answer : A: Free copy of the credit report if you request it within 60 days 
Reason : If requested within 60 days after the denial, you must be provided with a free copy of the credit report from the specific c...
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Add to cartIf you are denied credit based on your credit report, you are entitled to a: - Correct Answer : A: Free copy of the credit report if you request it within 60 days 
Reason : If requested within 60 days after the denial, you must be provided with a free copy of the credit report from the specific c...
sources of income - wages, rentals, interest, capital, profits, investments, entrepreneurship 
 
exemption (aka allowance) and how does it work - allowance is used to reduce amount of taxed income. personal exemptions are given for people with dependents or spouses. company exemptions are give...
Preview 2 out of 10 pages
Add to cartsources of income - wages, rentals, interest, capital, profits, investments, entrepreneurship 
 
exemption (aka allowance) and how does it work - allowance is used to reduce amount of taxed income. personal exemptions are given for people with dependents or spouses. company exemptions are give...
Earned Income - Income derived from active participation 
in a trade or business, including wages, salary, tips, 
commissions and bonuses. 
 
Unearned Income - Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, ...
Preview 3 out of 19 pages
Add to cartEarned Income - Income derived from active participation 
in a trade or business, including wages, salary, tips, 
commissions and bonuses. 
 
Unearned Income - Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, ...
ABA number/Check Routing Number - the number printed on a check to identify the specific bank on which the check is drawn 
 
ATM card - A payment type similar to a debit card that allows you to make electronic purchases but requires that you enter a PIN (Personal Identification Number) for any...
Preview 2 out of 5 pages
Add to cartABA number/Check Routing Number - the number printed on a check to identify the specific bank on which the check is drawn 
 
ATM card - A payment type similar to a debit card that allows you to make electronic purchases but requires that you enter a PIN (Personal Identification Number) for any...
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 a...
Preview 2 out of 11 pages
Add to cartSources 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 a...
If you have a whole life insurance policy with a cash surrender value, and you surrender the policy, what will you receive? - a calculated amount of money which includes part of the premiums paid as well as the interest on that money (because they're not going to give you the whole amount back) ...
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Add to cartIf you have a whole life insurance policy with a cash surrender value, and you surrender the policy, what will you receive? - a calculated amount of money which includes part of the premiums paid as well as the interest on that money (because they're not going to give you the whole amount back) ...
3 C's of Credit - Character(credit history), Capacity(ability to repay), Capital(assets) 
 
APR - Annual percentage rate; the annual rate of interest that is charged for using credit 
 
Chapter 7 - The chapter of the Bankruptcy Code providing for "liquidation" (i.e., the sale of a debtor...
Preview 1 out of 2 pages
Add to cart3 C's of Credit - Character(credit history), Capacity(ability to repay), Capital(assets) 
 
APR - Annual percentage rate; the annual rate of interest that is charged for using credit 
 
Chapter 7 - The chapter of the Bankruptcy Code providing for "liquidation" (i.e., the sale of a debtor...
Bounced check - a check written for an amount more than in your account 
 
Cashier's Check - A check issued by a bank and sold to you for personal payments to people who won't accept a personal check. It certifies that you have the money available. 
 
credit union - A nonprofit financial ...
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Add to cartBounced check - a check written for an amount more than in your account 
 
Cashier's Check - A check issued by a bank and sold to you for personal payments to people who won't accept a personal check. It certifies that you have the money available. 
 
credit union - A nonprofit financial ...
Principal - The money originally invested or loaned, on which basis interest and returns are calculated 
 
Collateralized Loan - A loan that is secured by collateral, properties or assets that are subject to seizure on default. 
 
Barter - exchange goods without involving money 
 
Garnishme...
Preview 1 out of 3 pages
Add to cartPrincipal - The money originally invested or loaned, on which basis interest and returns are calculated 
 
Collateralized Loan - A loan that is secured by collateral, properties or assets that are subject to seizure on default. 
 
Barter - exchange goods without involving money 
 
Garnishme...
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