Wise Financial Literacy Test Exam Questions With Verified And Updated Solutions.

Wise Financial Literacy Test Exam Questions With Verified And Updated Solutions. If you have a whole life insurance policy with a cash surrender value, and you surrender the policy, what will you receive? - answera calculated amount of money which includes part of the premiums paid as well as the interest on that money (because they're not going to give you the whole amount back) What is capital gain? - answerIncome on stocks What is a bull/bear market? - answerA bull market is a promising market (bull attacks up) A bear market is a market that isn't doing well (bear attacks down) What is an exemption? - answerthe amounts of money you get taken away from taxes for having dependents Annual deductible - answerWhat you have to pay in the beginning of the year before insurance kicks in Managed Health Care Plan - answer-you have to go to your primary care physician who determines whether you should see a specialist -co-pays at the primary care physician What is the only type of life insurance without a cash value? - answerTerm When you reinvest dividends, what does that go towards buying? - answerMore of the same stock What is the largest equities market in the world? - answerNew York Stock Exchange (NYSE) Mutual Funds - answeran investment that holds a wide range of different investment instruments, providing diversification Money Market - answersafe, bank offering Growth stocks - answernew companies that are trying to grow (you want to invest in them)