W!SE Financial Literacy EXAMS BUNDLE | Questions Correctly Answered

When a person declares bankruptcy that fact will appear on the person?s credit report - ANSWER for a 10 year period, Most of the adverse information on a credit report appears for 7 years. After a declared bankruptcy, the limit is 10 years.

Liquidity - ANSWER The ability to convert an asset to cash quickly Products that are liquid - ANSWER Stocks and Money Market accounts Gift Cards - ANSWER a card that is given as a gift with a specified amount of money. There is a monthly inactivity fee that may begin after 12 months. Discretiona...

Which of the following does the Federal Reserve uses to regulate the nation's money supply? - ANSWER Monetary Policy Reason: Uses it to regulate the nation's money supply. Which of the following is a disadvantage of using of using phone cards, debit cards, electronic transfers, and ATM cards? ...

Which of the following does the Federal Reserve use to regulate the nation's money supply? C: Monetary policy - ANSWER 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 U...

sources of income - ANSWER wages, rentals, interest, capital, profits, investments, entrepreneurship Exemption (aka an allowance) and how does it work - ANSWER allowance is used to reduce amount of taxed income Liquidity—what does it mean; what products are liquid - ANSWER the degree of ease i...

To determine the time value of depositing $100 in a savings account, a person needs to know the interest rate and - ANSWER B: the rate of inflation. Reason : The ?time value of money? is a way of looking at how much a saving or investment is worth at the end of a period of time when it is compare...