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WISE (Finance Economics) TEST STUDY GUIDE CORRECTLY ANSWERED.
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WISE (Finance Economics) TEST STUDY GUIDE CORRECTLY ANSWERED.
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WISE (Finance Economics) TEST STUDYGUIDE CORRECTLY ANSWERED.
A person's debt ratio shows the relationship between debt and net worth.
The lower the ratio the
Correct Answer -A: better off financially the person is.
A person complains about how expensive it is to be a cigarette smoker.
One of the reasons cigarettes are so expensive is that
Correct Answer -D: the government imposes an excise tax on them.
A good example of a well-stated financial goal is:
Correct Answer -B: Pay off $5,000 in credit card debt in two years
Money set aside to grow is typically called:
Correct Answer -D: savings or investments
A stock broker or financial consultant:
Correct Answer -A: Gives financial advice to clients
A well stated financial goal is:
Correct Answer -A: Realistic with a target date
Which of the following careers would be a possible choice for someone
interested in money and finance?
Correct Answer -A: Banker
, John's company will match his pre-tax contributions to the company's
retirement plan, known as:
Correct Answer -A: A 401(k)
A company offers a defined-contribution pension plan which means that
upon retirement the employee will receive
Correct Answer -B: the total amount of money contributed plus investment
earnings.
After five years of owning a Roth Individual Retirement Account (IRA), a
person wants to buy his first home, the person can withdraw money from
the Roth IRA
Correct Answer -A: tax and penalty free
The interest earned on United States Series EE Savings Bonds is
Correct Answer -A: exempt from state and local taxes.
A person owns a stock that pays a $2.00 a share dividend. If the person
chooses to reinvest that dividend, this means that the $2.00 will go toward
buying
Correct Answer -A: more of the same stock.
As an investment, a person decides to buy a small house that has three
rental apartments. The profits from this investment may be lower then
expected if the
Correct Answer -D: one of the apartments is not rented.
A pharmacy is to drugs as the American Stock Exchange is to:
Correct Answer -C: Securities
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