Wse financial literacy Study guides, Class notes & Summaries

W!SE Financial Literacy Practice Test

If you are denied credit based on your credit report, you are entitled to a: - Correct Answer : A: Free copy of the credit report if you request it within 60 days Reason : If requested within 60 days after the denial, you must be provided with a free copy of the credit report from the specific credit reporting agency whose report was the basis for credit, employment, insurance, or housing denial. At all other times, there is a small fee to get a credit report. Consumer Credit Counseling S...

Bounced checka check written for an amount more than in your account Cashier's CheckA check issued by a bank and sold to you for personal payments to people who won't accept a personal check. It certifies that you have the money available. credit unionA nonprofit financial institution that is owned by its members and organized for their benefit. Commercial Banka for-profit institution that offers a full range of financial services Money OrderA form of check payment on which the financi...

Which of the following does the Federal Reserve use to regulate the nation's money supply? - Monetary policy Identify the background color of a U.S. $5.00 bill. - Green A type of electronic funds transfer (EFT) is: - An ATM transaction Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should he select a PIN that will give him maximum protection against anyone else being able to find out what the PIN is? - Use a random selection of...

W!SE Financial Literacy Practice Test-with 100% verified solutions-posted in 2023

sources of income - wages, rentals, interest, capital, profits, investments, entrepreneurship exemption (aka allowance) and how does it work - allowance is used to reduce amount of taxed income. personal exemptions are given for people with dependents or spouses. company exemptions are given for non-profits, religious organizations, and government corporations. liquidity—what does it mean? what products are liquid? - liquidity is the degree in which assets can be sold. cash on h...

Which of the following does the Federal Reserve uses to regulate the nation's money supply? Monetary Policy Reason: Uses it to regulate the nation's money supply. Which of the following is a disadvantage of using of using phone cards, debit cards, electronic transfers, and ATM cards? They expose consumers to greater likelihood of identity theft. Reason: The growing number of transactions that can be carried out without cash increases convenience for consumers who have credit cards, ph...

sources of income - ANSWER wages, rentals, interest, capital, profits, investments, entrepreneurship Exemption (aka an allowance) and how does it work - ANSWER allowance is used to reduce amount of taxed income Liquidity—what does it mean; what products are liquid - ANSWER the degree of ease in which assets can be sold

W!SE Financial Literacy Certification Test Review Questions and Answers 100% AccurateW!SE Financial Literacy Certification Test Review Questions and Answers 100% AccurateW!SE Financial Literacy Certification Test Review Questions and Answers 100% Accurate Liquidity - ANSWER-The ability to convert an asset to cash quickly Products that are liquid - ANSWER-Stocks and Money Market accounts Gift Cards - ANSWER-a card that is given as a gift with a specified amount of money. There is a monthly...

W!SE Financial Literacy Certification Test Topic ChecklistW!SE Financial Literacy Certification Test Topic ChecklistW!SE Financial Literacy Certification Test Topic ChecklistW!SE Financial Literacy Certification Test Topic Checklist sources of income - ANSWER-wages, stocks, interest, salary exemption - ANSWER-a deduction allowing to reduce the amount of your income that would be taxed liquidity - ANSWER-access to money fast discretionary income - ANSWER-extra money you can use for anyt...