WISE Test Review- 4

Any interest-bearing or discounted security that obligates the issurer to repay the bondholder

A stock that trades for less than $1.00 is called

The type of credit card issued by an oil company, bank, or department store is:

Using someone else's money, promising to repay, and paying a fee for it's use is

To improve an UNFAVORABLE credit rating, a person should

Prepaid health plans that provide comprehensive health care to members.

Committing money for the purpose of making a profit over time is:

The best way to save in order to make a yearly purchase or payment

The process of setting aside money

These are highly liquid because deposits and withdrawals can be made at any time.

Starting automatic deposits is one way to  "pay yourself first" is called:

a Series EE bonds is costs half the redemption value at maturity- You would pay $50 for a

This has less liquidity because it has a fixed term.

What is created when a person owes money

The ease and speed with which you can convert savings or an investment to cash is called

What can all affect the financial markets as well as a specific company's stock or bond prices.

What is the chief reason corporations issue stock?

The primary sources of income for most people between the ages of 20 and 35

If a borrower does not pay the debt, the _______ has the obligation to pay it.

A basic principle of insurance is to insure _____ and handle ____ from one's own resources

Write your PIN down and keep it where?

Pays benefits (money) to a policyholder when that person becomes unable to perform job duties

The method used by credit grantors to determine the amount of credit to grant an applicant is