Exam (elaborations)
WISE (Finance Economics) PRACTICE TEST WORDS AND DEFINATIONS.
- Course
- Institution
WISE (Finance Economics) PRACTICE TEST WORDS AND DEFINATIONS.
[Show more]
Content preview
WISE (Finance Economics) PRACTICE TESTWORDS AND DEFINATIONS.
ATM (Automated Teller Machine)
✔✔a computer terminal that you can use to make deposits, withdraw
cash, transfer money between accounts, check your account balances,
and pay some kinds of bills
Money in the United States includes:
✔✔consists of coins, paper currency, checking account balances on
which checks can be drawn, savings deposits, and time deposits such as
CDs and money market funds.
ATM Pin number
✔✔You should never write any PIN on something that might be stolen.
Write your PIN down and keep it in a secure place in your home.
Financially literate?
✔✔They understand the basics of personal finance and money
management
Capital gains
✔✔provides an increase in assets or wealth?
electronic funds transfer (EFT) is:
✔✔An ATM transaction,authorize a financial institution to debit or credit
an account
, Identity Theft
✔✔exposes consumers to greater likelihood of fraud and/or identity
theft.
stock split
✔✔an increase in the number of outstanding shares of a corporation
without changing the shareholders' equity
stock split
✔✔A division of shares of a company into a larger number of shares. A 2
for 1 _____ allows a shareholder to double the number of shares but worth
one half of their previous value.2-for-1 ______on 40 shares that is worth
$80 would result in 80 shares at $40 at the time
treasury bill (T-bill)
✔✔a secure, low risk investment
treasury bill (T-bill)
✔✔These bills are backed by the full faith and credit of the US
government, therefore considered relatively risk free
dividend reinvestment
✔✔using dividends previously earned on the stock to buy more shares
Securities
✔✔All of the investments, including stocks, bonds, mutual funds,
options, and commodities, that are traded.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 AcademicAllure. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now