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