A Stock broker or financial consultant

Gives financial advice to clients

A single college graduate with their first full-time job, their 1st financial goal should be to

Establish savings for emergencies

One benefit for holding an investment over a year rather than selling in less than a year

Capital gains on investment will be taxed at a lower rate

You see a cereal commercial on TV and insisted that your parent buy it. This is advertising's

Power of persuasion in creating demand

A bank certificate of deposit is a

Requires a deposit and there is a penalty for withdrawals

A person's debt ratio shows the relationship between debt and net worth. The lower the ratio

The better off financially the person is

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WISE Money

14 termsStudBud Administration595 plays

#quiz to help with preparation of the #W!SE test for #Financial Literacy.

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Questions 14

Answers

1
A Stock broker or financial consultant
Sells money orders and certified checks
Gives financial advice to clients
Guarantee a return on investment
Do not have to be licensed
2
You believe that interest rates are going to fall in the near future for a long time you invest
Nothing, you put all your money under a mattress
A long-term, fixed rate CD
A variable rate CD
A Short -Term, fixed rate CD
3
A single college graduate with their first full-time job, their 1st financial goal should be to
Create a stock portfolio
Establish savings for emergencies
Buy a house
Buy a life insurance policy
4
Spreading one's assets across several types of saving and investing products to manage risk
Pooling
Allocation
Budgeting
Diversification
5
A term that best describes your gross pay after taxes are deducted is
Assests
Net worth
Total revenues
Take-home pay (A.K.A. Net Pay)
6
One benefit for holding an investment over a year rather than selling in less than a year
Fees will not be charged by broker for selling investment
Money earned on investment will be considered tax free
Capital gains on investment will be taxed at a lower rate
Profits from investment can be averaged for the time held
7
Which of the following does the FED use to regulate the nation's money supply
Regulations
Proposing legislation
Monetary Policy
Fiscal Policy
8
You see a cereal commercial on TV and insisted that your parent buy it. This is advertising's
A long-term, fixed rate certificate of deposit (CD)
Power of persuasion in creating demand
A short-term, fixed rate certificate of deposit (CD)
A variable certificate of deposit (CD)
9
If a person makes a deposit of 10,000 or more into a bank account, the bank must notify the
State Banking Commission
US Treasury Department
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve Board (FED)
10
Which of the following will help you the LEAST in managing your money?
Plan ahead for large expenses, shop w/list, & impulse buying
Set goals and keep budget for your net income
Pay your rent/mortgage payment and utility bills on time
Get advice from your friends
11
Money set aside to grow is typically called
A budget
Net income
Savings or investments
Discretionary income
12
A bank certificate of deposit is a
Deposits that are issued for 1/2 of the face value
Cash deposit in a savings account that earns interest
Requires a deposit and can withdraw money at anytime
Requires a deposit and there is a penalty for withdrawals
13
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio
The better off financially the person is
The less liquid assets the person has
The worse off financially the person is
The more liquid assets the person has
14
A type of electronic funds transfer (EFT) is
Not widely used by consumers
A transaction made with a check
A deposit made with a bank teller
An ATM transaction

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