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In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
WISE PRACTICE TEST 2025- 2026 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
the difference between the budgeted amount and the actual amount
that you spend
Ans: budget variance.
Quiz: shows the relationship between debt and net worth.
Ans: debt ratio
Quiz: The lower the ratio the better off financially the person is.
Ans: debt ratio
Quiz: calculated by dividing liabilities by net worth
Ans: debt ratio
Quiz: government imposes a tax on specific goods and services such as
alcohol, cigarettes, gasoline, and airline
Ans: excise tax
Quiz: are profits made from the sale of capital assets such as stocks and
bonds
,Ans: capital gains
Quiz: tax deferred until the asset is sold,
Ans: Capital gains
Quiz: If held over one year are considered long-term capital gains and
are taxed at a lower tax rate or in some cases are not taxed at all.
Ans: Capital Gains Tax
Quiz: change from one period to another,examples Electricity and
food expenditures
Ans: variable expenses
Quiz: will help you the least in managing your money?
Ans: get advice from your friends
Quiz: the process of developing and implementing a coordinated
series of actions to achieve financial success.
Ans: Financial planning
Quiz: need to be reviewed and adjusted to accommodate changing
needs and goals.
Ans: Financial planning
Examstudy - Stuvia US
, Quiz: Should be an important consideration when saving money
Ans: emergency fund
Quiz: being in cash or easily convertible to cash, How easily an asset
can be converted into cash
Ans: liquidity
Quiz: benefits depends on the person?s earnings over a lifetime of work
Ans: Social Security
Quiz: open-end credit
Ans: Department store charge cards.
Quiz: is a revolving live of credit that is offered by banks There is a limit
set on the line of credit and the funds
Ans: Department store charge cards.
Quiz: closed-end credit,made at a specified interest rate for a specified
time period.
Ans: mortgage loan
Examstudy - Stuvia US
In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
WISE PRACTICE TEST 2025- 2026 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
the difference between the budgeted amount and the actual amount
that you spend
Ans: budget variance.
Quiz: shows the relationship between debt and net worth.
Ans: debt ratio
Quiz: The lower the ratio the better off financially the person is.
Ans: debt ratio
Quiz: calculated by dividing liabilities by net worth
Ans: debt ratio
Quiz: government imposes a tax on specific goods and services such as
alcohol, cigarettes, gasoline, and airline
Ans: excise tax
Quiz: are profits made from the sale of capital assets such as stocks and
bonds
,Ans: capital gains
Quiz: tax deferred until the asset is sold,
Ans: Capital gains
Quiz: If held over one year are considered long-term capital gains and
are taxed at a lower tax rate or in some cases are not taxed at all.
Ans: Capital Gains Tax
Quiz: change from one period to another,examples Electricity and
food expenditures
Ans: variable expenses
Quiz: will help you the least in managing your money?
Ans: get advice from your friends
Quiz: the process of developing and implementing a coordinated
series of actions to achieve financial success.
Ans: Financial planning
Quiz: need to be reviewed and adjusted to accommodate changing
needs and goals.
Ans: Financial planning
Examstudy - Stuvia US
, Quiz: Should be an important consideration when saving money
Ans: emergency fund
Quiz: being in cash or easily convertible to cash, How easily an asset
can be converted into cash
Ans: liquidity
Quiz: benefits depends on the person?s earnings over a lifetime of work
Ans: Social Security
Quiz: open-end credit
Ans: Department store charge cards.
Quiz: is a revolving live of credit that is offered by banks There is a limit
set on the line of credit and the funds
Ans: Department store charge cards.
Quiz: closed-end credit,made at a specified interest rate for a specified
time period.
Ans: mortgage loan
Examstudy - Stuvia US
