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WISE Test Review- 5 Flashcards | StudBud
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WISE Test Review- 5
WISE Test Review- 5
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1
Investors willing to take a greater risk in the marketplace with the hope of making quick money
short sellers
crazy
bulls
bears
2
Reducing risk by investing in different types of securities
savings
real estate
diversification
3
Most homeowner's insurance policies include
dividends
a fee
a deductible
interest
4
A credit card payment is considered to have been made on the date the payment is
mailed
posted to the account
received
5
Deposits into checking accounts need how long before the money can be withdrawn
3-7 days
money can be withdrawn immediately
2 weeks
1-3 days
6
Automobile insurance covers motor vehicles such as
all of the above
cars
trucks
motorcycles
7
Using phone cards, debit cards, electronic transfers, and ATM cards exposes consumers to
identity theft
poor credit rating
difficulty saving
high interest rates
8
The exchange of goods and services with another person without spending money is called
you cannot exchange goods without money
credit
cash and carry
barter
9
There is a direct relationship between educational level and potential
savings
investment
early retirement
earnings
10
Knowledge of facts, concepts, and technological tools basic to being smart about money is
credit saavy
financial literacy
basic math
study of economics
11
Which financial product has the most predictable income?
real estate
stocks
CD (certificate of deposit)
12
Which financial product may pay a dividend?
CD (certificate of deposit)
common stock
real estate
13
If you use an ATM that is not in your bank's ATM network you may
be refused service
pay interest
be charged a fee
14
Raising the deductible on a policy causes the premium to _________________
increase
decrease
stay the same
15
When the market has a steady increase in stock prices over a period of time
Super Market
Bear Market
Volatile Market
Bull Market
16
When the market has a steady decline in stock prices over a period of time
Super Market
Bull Market
Bear Market
Volatile Market
17
Which documents should be stored in a safe-deposit box?
legal papers
all of the above
birth certificate
mortgage and loans
18
You must have a bank account to have
an ATM card
a credit card
savings
a gift card
19
Which financial product typically pays the highest rate of interest?
real estate
common stock
CD (certificate of deposit)
20
When the market changes (increases and decreases) quickly
Super Market
Volatile Market
Bull Market
Bear Market
21
The least expensive type of life insurance because it is only a death benefit
Whole Life Insurance
Disability Insurance
Term Life Insurance