Jill owns a stock that pays $2/share dividend. If she chooses to reinvest that dividend, she

puts that $2 toward buying more of the same stock

Before any new corporation can issue stocks or bonds, it must register with

The Securities and Exchange Commission (SEC)

The interest earned on United States Series EE Savings Bonds is

exempt from state and local taxes

If you have a managed health care plan, it means that you

Usually must first meet with your primary care physician

The annual percentage rate (APR) is

the true cost of credit and must be disclosed on loan docs

Mike has a checking balance of $100 & deposits a $200 check from Joe. Mike can withdraw $150

3-7 days later depending on his bank's check clearing policy

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W!se Financial Literacy Review ALL CATEGORIES 2

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W!se financial literacy certification review. Moneypower questions

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Answers

1
Jill owns a stock that pays $2/share dividend. If she chooses to reinvest that dividend, she
puts the $2/share to buy prefereed stock in the same co.
uses $2/share to buy stocks similar to those she already has
puts that $2 toward buying more of the same stock
uses the money to buy bonds in the corporation
2
Before any new corporation can issue stocks or bonds, it must register with
its Board of Directors
The Federal Reserve
The World Bank
The Securities and Exchange Commission (SEC)
3
Financial services and products generally offered by banks and credit unions include
Legal services
Business plans
Savings and loans
Real estate listings
4
The interest earned on United States Series EE Savings Bonds is
exempt from state and local taxes
paid in a lump sum when the facevalue on the bond is reached
equal to the money paid to purchase it
deducted at the time of the bond's purchase
5
If you have a managed health care plan, it means that you
can go to any doctor at any time
Will be responsible for $100 of a doctor bill
Usually must first meet with your primary care physician
can apply for an 80% reimbursement of the amount paid
6
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
State Banking Commission
Federal Deposit Insurance Corporation (FDIC)
US Treasury Department
Federal Reserve Board
7
Which federal law requires the cost of credit be disclosed to consumers in bold print on loans
Truth in Lending Act
Fair Debt Collection Practices Act
Fair Credit Reporting Act
Equal Credit Opportunity Act
8
The annual percentage rate (APR) is
the true cost of credit and must be disclosed on loan docs
required by the Securities Exchange Commission (SEC)
Required by the Comptroller of Currency
always expressed in dollars
9
Mike has a checking balance of $100 & deposits a $200 check from Joe. Mike can withdraw $150
3-7 days later depending on his bank's check clearing policy
the same day as the $200 deposit
after receiving a checking account statement at month end
on the day he makes his next deposit
10
Interest earned on interest is known as
True interest
Compounded interest
Simple interest
Variable interest

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