Certificate of deposit cd - Study guides, Class notes & Summaries

Wise Test Questions and Answers 100% Pass If a person earns $36,000 annually, owns assets worth $156,000, and has liabilities totaling $85,000, what is their net worth? Their net worth is $71,000. (Net Worth = Assets - Liabilities) When evaluating renters insurance, what should be understood about its purpose? It is designed to protect against financial losses from incidents like fire, theft, and personal injuries. (Renters insurance is meant to cover financial losses related to the...

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...

Jamil receives a weekly paycheck. He immediately puts 10% of his salary each week into a savings account. If Jamil can spend everything he doesn't save and won't take any money back out of his savings account, what would Jamil's minimum salary have to be so he would have $250 to spend each week? $278 $260 $225 $275 - $278 Simple interest is the payment made to a saver (or lender) by a borrower for allowing the use of their money. Neither False True - True _____ allow people t...

Economics Wise Test Latest Version Graded A+ What is an exemption in tax terms? A deduction permitted by law that decreases the amount of income subject to taxation. How would you define discretionary income? The portion of income remaining for spending after all necessary expenses have been paid. What is the meaning of opportunity cost? The value of the next best alternative that is forgone when making a decision. What are the main functions of the U.S. Treasury Department? I...

State Farm Acronyms/ Fire Exam Questions And Answers AAL - ANS Agency Administrative Leader AAS - ANS Agent Advertising System ABS - ANS Agent Business System ADA - ANS Agent's Draft Authority AIP - ANS Auto Insurance Plan RMP - ANS Residual Market Plan AMS - ANS Account Management System AOC - ANS Agent Office Catalog APA - ANS Automated Payment Authorization ARRP - ANS accident record rating plan ASR - ANS agency sales resourc...

H & R Block Final Exam Review (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Devan and Amber adopted a child with special needs in a domestic adoption. They had $5,500 in qualified adoption expenses in 2023, and the adoption was finalized on December 18, 2023. Their modified adjusted gross income is $210,000. Assuming all requirements are met, what is the maximum adoption credit they can claim in 2023? a) $5,500 b) $14,300 c) $14,890 d) $20,390 ...

©BRAINBARTER 2024/2025 General Financial Literacy Course – Utah Exam Questions With 100% Verified Answers 401K - answerA qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-de...

50-20-30 Rule Ans: A popular savings rule of thumb in which 50% of your income goes towards necessities (groceries, rent, utilities), 20% goes towards savings, debt, and investments, and 30% goes towards flexible spending. ATM Ans: Automatic Teller Machine. Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc. Balance Ans: The amount of money you have in your bank account bank statement Ans: A...

Money market securities - ANSWER-Are short term debt securities with a maturity of one year or less. Issued in the primary market through a telecommunications network by the US Treasury, corporations, and financial intermediaries that wish to obtain short-term financing. Are commonly purchased by households, corporations, and governments that have funds available for a short time period. Can be sold in the secondary market and are liquid. Types of Money Market Securities - ANSWER-1. ...

You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily - Answer-D Which of the following accounts will give you the LEAST access to your money? A.) Simple savings account B.) Certificate of Deposit (CD) C.) Checking account D.) Cash - Answer-B Tamara has $500 she is looking to save for a class trip. She wants...