Wise Finance Certification Test Review

To sign a check on the back before depositing

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

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

When revenue exceeds costs

ATM stands for

Reduces the amount of income tax you pay

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

Common type of company provided retirement program

A way to loan money to the government

Which of the following regulates the financial industry?

Paid Vacation time is considered a....

The opposite of a fixed interest rate

Which of the following is NOT a standard payroll deduction?

Easiest way to have a diverse stock portfolio

Ease of which you can convert an asset to cash

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

This reduces your taxable income

The cost of borrowing money

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

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

This is a type of savings option

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

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

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

This kind of life insurance builds cash value

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

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

The amount of cash you pay on something that you finance

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

Increase in price of goods

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

Which term is the same as net income?

A type of loan specific to real property

A mortgage payment would usually be considered a

Ease of which you can convert an asset to cash

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

Card that automatically deducts cash from checking account when used

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

Something offered as security on a loan

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

Which is more?

Person who can legally buy and sell stocks for you.

Set amount you have to pay to visit a dr.

Total value of assets owned minus total debt owed.