WISE FINANCIAL LITERACY CERTIFICATION PRACTICE QUESTIONS 2 OTHER WISE FINANCIAL LITERACY CERTIFICATION TEST 3 Exam (elaborations) WISE FINANCIAL LITERACY PRACTICE TEST 4 Exam (elaborations) WISE EXAM QUESTIONS AND ANSWERS 5 Exam (elaborations) WISE FINANCIAL LITERACY TEST 6 Exam (elaborations)...
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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. - Answ...
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Add to cartQuestion : 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. - Answ...
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...
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Add to cartEarned 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...
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - Answer- A: 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. Banks use savings account de...
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Add to cartIf a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - Answer- A: 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. Banks use savings account de...
Which of the following does the Federal Reserve use to regulate the nation's money supply? - Answer- C: Monetary policy R:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the...
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Add to cartWhich of the following does the Federal Reserve use to regulate the nation's money supply? - Answer- C: Monetary policy R:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the...
If you have a whole life insurance policy with a cash surrender value, and you surrender the policy, what will you receive? - Answer- 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 b...
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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? - Answer- 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 b...
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 ...
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Add to cartWhich 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 ...
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. Financial planners generally stress the importance of starting to sa...
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Add to cartIn 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. Financial planners generally stress the importance of starting to sa...
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