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Financial Literacy Wise Review Flashcards | StudBud
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Financial Literacy Wise Review
Financial Literacy Wise Review
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1
A retirement plan that is generally not taxed, if conditions are met
Roth IRA
wealth IRA
<p>Taxfree IRA</p>
2
What is the amount of expenses that must be paid before an insurer will pay any expenses.
endorsement
deductible
premium
health insurance
3
What is using a credit card for beneficial purchases and paying off 100 % on due date.
Establishing credit
credit score
pay yourself first
4
When you sign your name in ink on the back of the check ...
endorse
signature
cash
check card
5
What financial institution owned by its members. Rates for borrowing usually lower
federal reserve
credit unions
banks
6
What type of health insurance which requires choosing Dr.' s on the approved list
EPO
PPO
HMO
7
What auto insurance that covers everything except collision?
collision insurance
deductible
comprehensive insurance
8
What retirement savings contributions are deducted from the employee's paycheck before taxes?
401 K
405
412
414L
9
What are sold by banks, low risk investment,with interest slightly higher than saving/checking
compact disc
loans
Certificates of deposit
DC
10
What tax is triggered only when an asset is sold, not while the asset is held by an investor?
sales tax
capital tax
property tax
capital gains tax
11
He gives advice on purchasing and investing in stocks. He has to take an exam for this
bank teller
stock broker
stock salesman
12
What type of insurance covers the cost of an insured individual's medical expenses
credit
car
health
13
What is a profit that results from a sale of a capital asset, such as a stock or house
credit
budget profit
Capital gains
social gains
14
What is a written plan for your income vs your expenses
2000 and late
plan
story
budget
15
What is a good credit score?
750
350
450
600
16
When you save money before you pay bills
pay credit
pay yourself first
pay debt
banking
17
What is the annual percentage rate charged for borrowing money or using credit?
ARP
APT
APR
APE
18
What auto insurance protects drivers in encounters with other vehicles, objects, people, etc
comprehensive insurance
auto insurance
collison insurance
19
What you claim on your tax return?
w-2
premium
w-4
deductible
20
This is required to open a bank account
state id
student id
child id