Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
Collateral
security given for loan, assets to secure the debt
Capacity
your ability to repay the debt. Do you have sufficient $money to repay a loan
Capital
"net worth". wealth in the form of money or property owned by a person
Character
good reputation, Integrity
Credit history
a summary of a person's borrowing and repayment history
50 dollars
In the event that your credit card is stolen in the United States, federal law limits the liability of
card holders to ____ regardless of the amount charged on the card by the unauthorized user.
zero liability "Owes nothing"
if just the credit card account number itself is stolen, federal law guarantees that the card holder
has a___________to the issuer.
Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
,Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
EFT
electronic funds transfer; exchange of money by sending bank records via a computer network
FDIC
the federal government protects your money up to $250,000 in a single account
Department store charge cards.
Which of the following is considered to be open-end credit?
Notify the credit card companies
A person has three credit cards with very large outstanding balances and is unable to make
payments on any of them. Which action should the person take
10 years
When a person declares bankruptcy that fact will appear on the person?s credit report
A personal loan without assets to cover the loan amount
What is meant by an uncollateralized loan?
a collateralized loan
When a person brings an item to a pawnshop to obtain cash, the transaction is considered
Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
,Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
Monetary policy
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Salaries, wages, and tips
The primary sources of income for most people between the ages of 20 and 35 who are not living
on a pension or social security are:
better off financially the person is.
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the
Exercise Tax
A person complains about how expensive it is to be a cigarette smoker. One of the reasons
cigarettes are so expensive is that
budget variance
the difference between the budgeted amount and the actual amount that you spend
budget variance
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore
that budget item is considered to have
capital gains on the investment will be taxed at a lower rate.
One of the benefits of holding an investment for over a year rather than selling it in less than a
year is that the
Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
Collateral
security given for loan, assets to secure the debt
Capacity
your ability to repay the debt. Do you have sufficient $money to repay a loan
Capital
"net worth". wealth in the form of money or property owned by a person
Character
good reputation, Integrity
Credit history
a summary of a person's borrowing and repayment history
50 dollars
In the event that your credit card is stolen in the United States, federal law limits the liability of
card holders to ____ regardless of the amount charged on the card by the unauthorized user.
zero liability "Owes nothing"
if just the credit card account number itself is stolen, federal law guarantees that the card holder
has a___________to the issuer.
Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
,Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
EFT
electronic funds transfer; exchange of money by sending bank records via a computer network
FDIC
the federal government protects your money up to $250,000 in a single account
Department store charge cards.
Which of the following is considered to be open-end credit?
Notify the credit card companies
A person has three credit cards with very large outstanding balances and is unable to make
payments on any of them. Which action should the person take
10 years
When a person declares bankruptcy that fact will appear on the person?s credit report
A personal loan without assets to cover the loan amount
What is meant by an uncollateralized loan?
a collateralized loan
When a person brings an item to a pawnshop to obtain cash, the transaction is considered
Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
,Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
Monetary policy
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Salaries, wages, and tips
The primary sources of income for most people between the ages of 20 and 35 who are not living
on a pension or social security are:
better off financially the person is.
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the
Exercise Tax
A person complains about how expensive it is to be a cigarette smoker. One of the reasons
cigarettes are so expensive is that
budget variance
the difference between the budgeted amount and the actual amount that you spend
budget variance
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore
that budget item is considered to have
capital gains on the investment will be taxed at a lower rate.
One of the benefits of holding an investment for over a year rather than selling it in less than a
year is that the
Review
~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@@@@@@@@@@@22/2026//2027
Wise
all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&############################@@@@@@
test Review all topicsWise test Review all topics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~&&&&&&&&####
