Jan2022 W!SE Practice Test #2

What are sold by banks, low risk investment, with interest slightly higher than saving/checking

What is profit that results from a sale of an asset, such as a stock or house

Diversification is __________.

The form you complete to determine how much tax to withhold from your paycheck is the_______.

What financial institution owned by its members. Rates for borrowing usually lower.

Form employers are required to send you which shows you how much you earned the previous year

The Federal Reserve System:

The idea that you should save money, thinking about your well-being & future before paying bills.

A health care plan supported the federal government, mostly for retirees.

FICA Taxes (Social Security & Medicare) are automatically deducted from your paycheck

A health care plan that is supported by federal government for low income families:

Which of the following is generally true about 401(k) and 403(b) retirement plans?

When you sign your name in ink on the back of the check you.....

The return on investment (ROI) from education is typically the highest for:

The written plan for paying your monthly expenses; how you will spend, save, etc.

Legal entity established by government action, owned by shareholders

The cost (expenses) that you must pay before an insurance company will pay any expenses.

When you purchase a bond, you are:

What auto insurance covers damages to your car, except for collisions?

Jan pays $70.00 each month for her auto insurance policy. This regular payment is called a:

Which of the following will charge the highest interest rate?

At the end of each month it is important to reconcile (match) your checking account with

A business with co-owners, in which both parties are legally joined together

Interest that's earned on interest is:

Owning a home provides _________ flexibility but can lead to _________costs in the long-­term than renting

Pay that is an hourly rate

When investors are optimistic about the stock market, it is called a

Managed portfolios where investors pool their money to buy stocks, bonds and securities

Which of the following is an advantage of federal student loans?

It's best to start saving for retirement as young as you possibly can

A _________ is generally considered an depreciating asset because it will _________ in value over time

The best way to investigate fraudulent transactions on your credit card is to:

This person gives advice on purchasing and investing in stock and must pass an exam to do this.

This government agency protects your bank deposits up to $250,000.

What is the primary reason businesses issue stock?

After you send in your FAFSA form,what will you receive back?

What is liquidity in business?

When buying stock in a company, you are:

Which loan type requires you to make loan payments while you’re attending school?