100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Personal Finance Test Questions and Answers with Complete Solutions $9.99   Add to cart

Exam (elaborations)

Personal Finance Test Questions and Answers with Complete Solutions

 16 views  0 purchase
  • Course
  • Personal Finance
  • Institution
  • Personal Finance

Personal Finance Test Questions and Answers with Complete Solutions What does it mean if you are deemed creditworthy? It indicates that you are considered a reliable borrower based on your credit history. How is net pay defined? It is the income left after all taxes and other deductions have b...

[Show more]

Preview 2 out of 7  pages

  • August 3, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Personal Finance
  • Personal Finance
avatar-seller
BrilliantScores
Personal Finance Test Questions and
Answers with Complete Solutions
What does it mean if you are deemed creditworthy?


✔✔It indicates that you are considered a reliable borrower based on your credit history.




How is net pay defined?


✔✔It is the income left after all taxes and other deductions have been removed.




What is meant by adjusted gross income?


✔✔This is your gross income after accounting for allowable adjustments.




What action is a stop payment order?


✔✔It is a request made to a bank to prevent a specific check from being processed.




How is the annual percentage yield (APY) described?


✔✔APY is the effective annual rate of interest earned on an account, including the effects of

compounding.




1

, What does a bond represent?


✔✔A bond is a debt security issued by a corporation or government, representing a loan made

by the bondholder.




What is the purpose of an audit?


✔✔An audit is a detailed examination conducted by the IRS to ensure the accuracy of your

income tax returns.




What role does a car title serve?


✔✔A car title is a legal document that proves ownership of a vehicle.




What is a cashier's check?


✔✔A cashier's check is a type of check drawn on a bank’s own funds, rather than an individual’s

account.




What does bank reconciliation involve?


✔✔It involves comparing your personal checkbook records with the bank statement to ensure

accuracy.




2

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)

78834 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