stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
WISE Test Review- 5 Flashcards | StudBud
Explore
/
WISE Test Review- 5
WISE Test Review- 5
21 terms
·
StudBud Administration
·
721 plays
Imported from external platform
Flashcards
21 cards
F
Practice quiz
P
Host live
L
Questions
21
Answers
1
When the market has a steady increase in stock prices over a period of time
Volatile Market
Bear Market
Super Market
Bull Market
2
Most homeowner's insurance policies include
dividends
interest
a deductible
a fee
3
A credit card payment is considered to have been made on the date the payment is
posted to the account
mailed
received
4
When the market has a steady decline in stock prices over a period of time
Volatile Market
Super Market
Bull Market
Bear Market
5
If you use an ATM that is not in your bank's ATM network you may
be refused service
pay interest
be charged a fee
6
Raising the deductible on a policy causes the premium to _________________
increase
decrease
stay the same
7
Which financial product has the most predictable income?
stocks
CD (certificate of deposit)
real estate
8
Which financial product typically pays the highest rate of interest?
common stock
real estate
CD (certificate of deposit)
9
Using phone cards, debit cards, electronic transfers, and ATM cards exposes consumers to
difficulty saving
poor credit rating
high interest rates
identity theft
10
Which documents should be stored in a safe-deposit box?
mortgage and loans
birth certificate
all of the above
legal papers
11
When the market changes (increases and decreases) quickly
Bull Market
Volatile Market
Super Market
Bear Market
12
You must have a bank account to have
an ATM card
savings
a gift card
a credit card
13
There is a direct relationship between educational level and potential
earnings
savings
investment
early retirement
14
Reducing risk by investing in different types of securities
diversification
real estate
savings
15
Investors willing to take a greater risk in the marketplace with the hope of making quick money
short sellers
bears
bulls
crazy
16
Knowledge of facts, concepts, and technological tools basic to being smart about money is
study of economics
credit saavy
basic math
financial literacy
17
The least expensive type of life insurance because it is only a death benefit
Whole Life Insurance
Term Life Insurance
Disability Insurance
18
Which financial product may pay a dividend?
real estate
CD (certificate of deposit)
common stock
19
The exchange of goods and services with another person without spending money is called
cash and carry
barter
you cannot exchange goods without money
credit
20
Automobile insurance covers motor vehicles such as
cars
motorcycles
all of the above
trucks
21
Deposits into checking accounts need how long before the money can be withdrawn
2 weeks
money can be withdrawn immediately
1-3 days
3-7 days