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Wise Financial Literacy TEST Flashcards | StudBud
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Wise Financial Literacy TEST
Wise Financial Literacy TEST
15 terms
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Flashcards
15 cards
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Questions
15
Answers
1
What are the benefits of making contributions
Tax deferred savings
Nothing
getting more money
reduces taxable income
2
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with
capital gain
bond
bond principal
The securities and exchange commission
3
What is FDIC .?
Federal savings and loan insurance corporation,
The Federal Reserve Bank.
The federal Deposit insurance corporation
Internal Revenue Service
4
What is the SEC .?
an independent federal agency
Securities and Exchange Commission
None
Insurance that covers deposit accounts
5
Why is it important to plan fast and not wait til you retire to do so ?
Money
All the above
So you will not struggle
Savings
6
If pension retirement funds contributions are withdrawn when leaving a company what can happen
They can be taxable
cant deposited it
all of the above
You wont get them
7
Which of the following is not a Regulatory Agency
IRA
FSLIC
FED
IRS
8
What are one of the best ways to get ready for retirement?
Have 401 K
Apply for IRA
Get insurance
Have some type of money saved up in a bank account
9
Buying a treasury bill (T-bill) is best for investors who are looking for
a secure, low risk investment
large risk
High risk
Medium risk
10
What is a Discount Rate .?
CFPB
Open market operation
Monetary
The interest rate the Fed charges commercial banks
11
What are employers entitled
income
Dollar contribute
Jobs
Money
12
The best reason for depositing money in a bank instead of keeping your money under the mattress
FDIC
FED
CFPB
Government
13
What is not an advantage of checking accounts
Safekeeping of cash on deposit
Convenience of bill payment
High interest on balances
A record of spending and receipts of payments made.
14
Which of the following is tax free .?
ROth IRA
IRA
Pensions
401 K
15
What is the score we need to pass the test
65
90
70
72
