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WISE (Finance Economics) QUESTIONS CORRECTLY ANSWERED
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WISE (Finance Economics) QUESTIONS CORRECTLY ANSWERED
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WISE (Finance Economics) QUESTIONSCORRECTLY ANSWERED.
"Whole life insurance" is more expensive than "term life insurance"
because in addition to a death benefit, whole life insurance policies
Correct Answer -accumulate cash value
According to the law, health insurance companies are required to insure a
person
Correct Answer -even if the person has a pre-existing medical condition.
The cash value on a whole life insurance policy is
Correct Answer -the savings portion of the policy
The difference between buying 100 shares of one stock or 100 shares of a
mutual fund is that
Correct Answer -mutual funds are more diversified
Which of the following is an investment product?
Correct Answer -money market mutual fund
What is the face value of a bond?
Correct Answer -The amount the bond holder receives when the bond
matures.
Public corporations are described as organizations that
Correct Answer -have shares that are owned by investors
, A person will generally avoid buying investment products if they
Correct Answer -need the money to be liquid
A person receives a credit card bill of $1000 with a minimum payment due
of $250. The person sends the company a check for 100 before the due
date. As a result, the credit card company will
Correct Answer -charge a late fee on the account.
When going to most Consumer Credit Counseling Services(CCCS), the
person can expect to be charged
Correct Answer -a fee for setting up and overseeing a debt repayment
plan.
When a person mails his credit card payment on the due date, his
payment will be considered
Correct Answer -late, and the company will assess a late fee.
One DISADVANTAGE of receiving a gift card is that the person who
received the card often
Correct Answer -forgets to carry the card when shopping.
The main difference between a personal check and a cashier's check is
that a cashier's check
Correct Answer -is guaranteed to be paid by the issuing bank.
It is generally a good idea to borrow money and repay the amount
borrowed with future income when
Correct Answer -a person needs to buy a car to get a better paying job.
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