Financial lit - Study guides, Class notes & Summaries

BYU Financial Literacy Final Test 100% Correct What is the definition of a "want"? a. something you would like to have but have to purchase on credit b. something you would like to have and something you must have c. something you would like to have but can survive without d. something you would like to have as long as it doesn't cost too much - Correct Answer ️️ -something you would like to have but can survive without Paul wants to purchase a brand new truck. He has to take out a...

Financial Literacy Exam Study

Bankruptcy - A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). Benefits - Include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.[1] In instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a 'salary packaging' or...

W!SE Financial Literacy Certification Test Questions and Answers 100% CorrectW!SE Financial Literacy Certification Test Questions and Answers 100% CorrectW!SE Financial Literacy Certification Test Questions and Answers 100% CorrectW!SE Financial Literacy Certification Test Questions and Answers 100% Correct Earned Income - ANSWER-Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income - ANSWER-Any income that ...

Financial Literacy Final Exam Questions and Answers 100% CorrectFinancial Literacy Final Exam Questions and Answers 100% CorrectFinancial Literacy Final Exam Questions and Answers 100% CorrectFinancial Literacy Final Exam Questions and Answers 100% Correct Key components of financial planning include all of the following except: Write out a detailed plan for accomplishing your goals Replace money myths with money truths Buy on credit whenever possible Regularly monitor and re-assess your ...

Earned Income - Answer- Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income - Answer- Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock Exemptions (aka allowance) and how they work - Answer- If you are not claimed as a dependent on another taxpayer's return, then you can ...

Wise Financial Literacy Practice Test with Complete Solutions What do banks typically do with the funds deposited into savings accounts? A. Use them to purchase government securities B. Invest them in international markets C. Provide loans to individuals and businesses D. Store them in reserve for emergencies C. Provide loans to individuals and businesses. Banks act as intermediaries, channeling funds from savers to borrowers. Which type of financial instrument may offer divid...

Wise Financial Literacy Questions and Answers Already Passed What is the first step a person should take to manage their spending effectively? They should develop a budget that outlines their current income and expenses. Why is it important to compare prices when shopping for a car? Car prices can vary significantly, making comparison shopping essential. Why do financial advisors often recommend starting to save and invest early? This is due to the benefits of compounding and the ...

Utah Financial Literacy State Test Review Rated A+ Amortization Payment of a portion of the principle of a mortgage loan, reducing or amortizing the mortgage amount. Annual Percentage Rate The total annual percentage amount it will cost a person to use credit. Asset Any items of value that people own, including cash, property, personal possessions, and investments. Budget A plan for spending and saving money based on a person's goals during a given time period. Career A li...

SUS1501 Assignment 5 (COMPLETE ANSWERS) Semester 1 2024 - DUE April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9 .......... BACKGROUND FACTS • "In the 2018/2019 financial year, Bob van Dijk, the former CEO of Naspers earned a total remuneration (salary, incentives and options) of R 1.9 billion." • "60% of the world's cobalt is mined in the DRC. Significant amounts of this is mined under appalling conditions often by chi...