Exam (elaborations)
WISE (Finance Economics) ALL TOPICS TEST REVIEW QUESTIONS CORRECTLY ANSWERED.
- Course
- Institution
WISE (Finance Economics) ALL TOPICS TEST REVIEW QUESTIONS CORRECTLY ANSWERED.
[Show more]
Content preview
WISE (Finance Economics) ALL TOPICS TESTREVIEW QUESTIONS CORRECTLY
ANSWERED.
Money that remains after expenses are paid.
Correct Answer -Surplus
The amount of an individual's take-home pay after taxes and other
deductions have been taken out
Correct Answer -Net Income
the total amount of income from wages before any payroll deductions &
Taxes
Correct Answer -Gross Income
Is additional property insurance that covers the damage or loss of a
specific item of high value
Correct Answer -personal property floater
Would be appropriate for a woman receiving a very expensive piece of
jewelry, but has homeowners insurance.
Correct Answer -personal property floater
The amount of money which includes the premiums paid as well as the
interest on that money.
Correct Answer -whole life insurance " cash Value"
,The _______is to insure major potential losses and handle small losses
from one's own resources.
Correct Answer -purpose of Insurance
How much you pay for your insurance policy
Correct Answer -Insurance premiums
A Policy that accumulates cash value.
Correct Answer -whole life insurance
The amount of money that the policy holder pays when a claim is settled.
Correct Answer -deductible
A $250 ______, means the person will have to pay the first $250 out of
pocket before an insurer will pay any expenses.
Correct Answer -deductible
insurance that provides protection from claims arising from injuries or
damage to other people or property
Correct Answer -Liability insurance
covers motor vehicles, including automobiles, trucks, and motorcycles, the
injuries to the driver and passengers
Correct Answer -Automobile insurance
A type of insurance paid to an individual if he/she is injured and is unable
to work for a specified length of time.
Correct Answer -Disability Insurance
, a plan in which private companies or government programs pay for part
or all of a person's medical costs
Correct Answer -Health Insurance
a general increase in the value of property that occurs over time
Correct Answer -Appreciation
a certificate representing a promise to pay a definite amount of money at a
stated interest rate on a specified due date
Correct Answer -Bond
Occurs when investors are optimistic about the economy; prices of
securities are rising for a long period of time
Correct Answer -Bull Market
if a stock increases in value and is then sold for more than its original cost
Correct Answer -Capital Gain
if a stock decreases in value and is then sold for less than its original cost
Correct Answer -Capital Loss
a savings plan that requires funds to be left on deposit for a specific period
of time; higher interest rate than savings accounts; penalties for early
withdrawal
Correct Answer -Certificate of Deposit
items of personal interest to collectors that can increase in value in the
future; ancient coins, works of art
Correct Answer -Collectibles
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 $15.49. 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