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W!SE Financial Literacy Certification Test Review| Questions and Answers
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Liquidity - ANSWER The ability to convert an asset to cash quickly Products that are liquid - ANSWER Stocks and Money Market accounts Gift Cards - ANSWER a card that is given as a gift with a specified amount of money. There is a monthly inactivity fee that may begin after 12 months. Discretionary income - ANSWER The amount of an individuals income that is left for spending investing or saving after taxes and personal necessities
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