WISE PRACTICE TEST 2023/2024 NEW UPDATE 100% CORRECT TEST RATED A+
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Course
Wise
Institution
Wise
WISE PRACTICE TEST 2023/2024 NEW UPDATE
100% CORRECT TEST RATED A+ WISE PRACTICE TEST 2023/2024 NEW UPDATE
100% CORRECT TEST RATED A+
WISE PRACTICE TEST 2023/2024 NEW UPDATE
100% CORRECT TEST RATED A+
budget variance. - Answer the difference between the budgeted amount and the actual amount
that you spend
debt ratio - Answer shows the relationship between debt and net worth.
debt ratio - Answer The lower the ratio the better off financially the person is.
debt ratio - Answer calculated by dividing liabilities by net worth
excise tax - Answer government imposes a tax on specific goods and services such as
alcohol, cigarettes, gasoline, and airline
capital gains - Answer are profits made from the sale of capital assets such as stocks and
bonds
Capital gains - Answer tax deferred until the asset is sold,
Capital Gains Tax - Answer If held over one year are considered long-term capital gains and
are taxed at a lower tax rate or in some cases are not taxed at all.
, variable expenses - Answer change from one period to another, examples Electricity and food
expenditures
get advice from your friends - Answer will help you the least in managing your money?
Financial planning - Answer the process of developing and implementing a coordinated series
of actions to achieve financial success.
Financial planning - Answer need to be reviewed and adjusted to accommodate changing
needs and goals.
emergency fund - Answer Should be an important consideration when saving money
liquidity - Answer being in cash or easily convertible to cash, How easily an asset can be
converted into cash
Social Security - Answer benefits depends on the person?s earnings over a lifetime of work
Department store charge cards. - Answer open-end credit
Department store charge cards. - Answer is a revolving live of credit that is offered by banks
There is a limit set on the line of credit and the funds
mortgage loan - Answer closed-end credit,made at a specified interest rate for a specified
time period.
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