Wise tes - Study guides, Class notes & Summaries

In order to get spending under control, a person should first A. seek help on investing from a financial planner. B. consult a credit counseling service. C. create a budget of current income and expenses. D. subscribe to financial newsletters and magazines. - C Comparison shopping for a car is necessary because A. each dealer sells cars with different colors. B. lenders want to be sure consumers get the best price. C. the price for the car can vary a great deal. D. it is a requirement t...

WISE Financial Literacy Practice Test Questions with Verified Solutions What tool does the Federal Reserve use to control the country's money supply? It utilizes monetary policy. Which of these is an example of an electronic funds transfer (EFT)? Transactions made at an ATM. Scott needs to set a PIN (Personal Identification Number) for his new ATM card. What method should he use to ensure the highest level of security for his PIN? He should create a random combination of numbers a...

WISE TEST Questions And Answers With Verified Study Solutions WISE TEST Questions And Answers With Verified Study Solutions

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the State Banking Commission. Federal Deposit Insurance Corporation. (FDIC). US Treasury Department. Federal Reserve Board. - US Treasury Department Safe-deposit boxes are: Safe and can be accessed only by the owner of the box Available at all banks Convenient and accessible at any hour of the day or evening A free benefit for accounts with deposits starting at $50,000 - Safe and can be accessed onl...

Banking Wise Practice Test Questions with Verified Solutions What must a bank do when a deposit of $10,000 or more is made? Report the transaction to the US Treasury Department. This measure helps monitor large sums and ensure they are not from untaxed or illegal activities. Which organization insures accounts held in credit unions? The National Credit Union Administration (NCUA), which insures up to $100,000 per depositor in each credit union. Why should James cash his paycheck at his b...

Personal Finance WISE Test Questions and Answers Rated A+ If an individual deposits $10,000 or more into a bank account, the bank is required to inform the: US Treasury Department The term that describes how easily and quickly you can convert an investment or savings into cash is: Liquidity Which financial instrument usually offers the highest interest rate? Certificate of Deposit What should a person do if they need to pay tuition at the end of August each year? Determine ...

WISE Test| 144 Questions and Answers 100% CorrectWISE Test| 144 Questions and Answers 100% CorrectWISE Test| 144 Questions and Answers 100% CorrectWISE Test| 144 Questions and Answers 100% CorrectWISE Test| 144 Questions and Answers 100% Correct One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of unauthorized purchases he is liable ...

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the State Banking Commission. Federal Deposit Insurance Corporation. (FDIC). US Treasury Department. Federal Reserve Board. - US Treasury Department Safe-deposit boxes are: Safe and can be accessed only by the owner of the box Available at all banks Convenient and accessible at any hour of the day or evening A free benefit for accounts with deposits starting at $50,000 - Safe and can...

WISE Practice Test- Flash Cards | Verified Study Questions And Answers WISE Practice Test- Flash Cards | Verified Study Questions And Answers

WISE Test VA (Part 1) Questions and Answers 100% Correct Economics is: The exploration of how individuals make choices regarding their desires and the amount they are willing to spend to obtain them. Scarcity is: The condition where the demand for something exceeds the available supply. Personal finance is: The management of your own financial resources and possessions. Financial planning is: The process of creating a strategy for managing your finances over time. Fina...