100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Wise Questions and Answers Latest Update Graded A+ $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Wise
  4.  
  5. Wise

Exam (elaborations)

Wise Questions and Answers Latest Update Graded A+
 9 views  0 purchase
  • Course
  • Wise
  • Institution
  • Wise

WISE Review Questions and Answers 100% Pass Types of income sources include: earnings from employment presents or donations benefits provided by the government profits from investments An exemption is defined as: a legal allowance to lower the amount of income subject to taxatio...

[Show more]
Last document update: 3 months ago

Preview 3 out of 14  pages

Document information

  • August 1, 2024
  • August 1, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wise questions and answers latest update graded a

Written for

  • Wise
  • Wise

Seller

avatar-seller
BrilliantScores

Reviews received

Content preview

1 WISE R eview Questions and Answers 100% Pass Types of income sources include: ✔✔earnings from employment ✔✔presents or donations ✔✔benefits provided by the government ✔✔profits from investments An exemption is defined as: ✔✔a legal allowance to lower the amount of income subject to taxation. Liquidity denotes: ✔✔the simplicity with which an asset can be converted into cash. Exam ples are liquid assets like cash, securities, and easily accessible savings accounts. Gift cards are: ✔✔prepaid cards that can be used for purchases at specific retailers. 2 Discretionary income, or a budget surplus, is: ✔✔the portion of income remaining for spending after all taxes have been paid. Money orders are: ✔✔financial instruments that can be exchanged for cash, operate like checks, and are used by those without bank accounts. The value of US currency is ensured by: ✔✔the government's authori zation for it to be used for debt settlement. Opportunity cost refers to: ✔✔the value of the best alternative option that is sacrificed when making a choice. Inflation impacts different groups as follows: ✔✔Businesses and borrowers generally benefit from inflation, whereas employees, those on fixed incomes, and savers may experience negative effects. 3 The US Treasury Department is tasked with: ✔✔overseeing government finances and issuing various forms of d ebt instruments. "Pay yourself first" means: ✔✔allocating funds to savings and retirement accounts before using money for other expenses. A certificate of deposit (CD) is: ✔✔a bank -issued document representing a deposit held for a set term at a fixed i nterest rate. Early withdrawal may result in penalties or reduced interest. Lenders include: ✔✔banks and credit unions (typically offering lower interest rates) as well as pawnshops, finance companies, payday lenders, and tax preparers (often charging hi gher rates). A credit union is: ✔✔a non -profit financial organization where members benefit from low -interest loans funded by collective deposits.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller BrilliantScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart