Wise Finance Certification Test Review

This is a type of savings option

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

Which term is the same as net income?

The amount of cash you pay on something that you finance

Total value of assets owned minus total debt owed.

Easiest way to have a diverse stock portfolio

When revenue exceeds costs

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

Paid Vacation time is considered a....

Ease of which you can convert an asset to cash

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

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

Increase in price of goods

Something offered as security on a loan

Person who can legally buy and sell stocks for you.

The cost of borrowing money

Set amount you have to pay to visit a dr.

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

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

This kind of life insurance builds cash value

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

The name of my youngest kid and also what plans your estate upon death

Reduces the amount of income tax you pay

A type of loan specific to real property

Which of the following is NOT a standard payroll deduction?

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

Card that automatically deducts cash from checking account when used

A mortgage payment would usually be considered a

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

ATM stands for

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

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

Ease of which you can convert an asset to cash

Which is more?

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

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

This reduces your taxable income

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

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

Which of the following regulates the financial industry?

To sign a check on the back before depositing

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

The opposite of a fixed interest rate

A way to loan money to the government

Common type of company provided retirement program