Economics and personal finance wise test practice.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Economics%20a
Economics And Personal Finance Wise Test
Practice Questions & Answers
1. A person receives a $200 gift card. It is important for the person to?
Answer Read the conditions on the card or packaging about inactivity fees
2. Which is the most important question to ask when comparing credit car
offers?
Answer What is the APR on the credit card
3. A person had a car loan with a 10% interest rate.The loan would cost the
least amount if it is paid back in?
Answer 3 years
4. Which approach to money management indicates an understanding of the
time value of money?
Answer Saving money in an account thy earns interest
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,Economics and personal finance wise test practice.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Economics%20a
5. A stock is characterized as a "growth" stock because the expectation is for the
corporation to?
Answer Provide shareholders with dividends
6. The value of buying insurance for a cell phone is to?
Answer Be able to replace the cell phone if it is lost or stolen
7. A person who is interested in earning investing income from stocks is
generally advised to buy stocks that pay?
Answer Dividends
8. A benefit of using a debit card is that it provides a way to?
Answer Limit the amount of cash a person needs to carry
9. The purpose of having a diversified investment portfolio is to?
Answer Lower the investment risk
10. One advantage of having a bank savings account is that it?
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