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Deposits into checking accounts need how long before the money can be withdrawn
money can be withdrawn immediately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