Wise Finance Certification Test Review

If the total amount you can borrow on a credit card is 3,000, 3,000 is the

The amount of cash you pay on something that you finance

ATM stands for

Total value of assets owned minus total debt owed.

Something offered as security on a loan

Common type of company provided retirement program

What occurs when a person or business spends more than they earn in a year?

What plans your estate upon death

Which of the following is NOT a major US stock exchange?

The cost of borrowing money

A legal way to get rid of some of your debt without paying your creditors the full amount owed

Which of the following is NOT one of the 3 c's of credit?

This reduces your taxable income

Person who can legally buy and sell stocks for you.

This is a type of savings option

This kind of life insurance builds cash value

Which of the following is NOT a standard payroll deduction?

When revenue exceeds costs

Simplest way to determine how long it will take your investment money to double

A card that can be used like a debit card but has a pre-set amount of cash added to it

Reduces the amount of income tax you pay

Which of the following investments is a pre-tax investment?

Which of the following regulates the financial industry?

A way to loan money to the government

Which is more?

A mortgage payment would usually be considered a

To sign a check on the back before depositing

Set amount you have to pay to visit a dr.

Helps creditors assess the risk of an individual when giving them a loan.

This occurs when your investment increases in value and you realize the gain by selling it.

Ease of which you can convert an asset to cash

Card that automatically deducts cash from checking account when used

This happens when you write a check and don't have funds in your account to cover the check

Ease of which you can convert an asset to cash

Kind of stock that includes ownership in a company and voting rights.

Easiest way to have a diverse stock portfolio

A type of loan specific to real property

This kind of insurance protects the other person's property when you are at fault

Getting someone else to sign a loan for you because your credit and/or income isn't enough

The opposite of a fixed interest rate

Which term is the same as net income?

If you have a $150,000 home and you still owe the bank $100,000, what is true?

Increase in price of goods

What is an automatic deduction from your paycheck to cover a legal settlement called?

Paid Vacation time is considered a....