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Exam (elaborations)

wise exam Questions and Answers 100% Solved

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wise exam Questions and Answers 100% Solved

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Uploaded on
January 5, 2025
Number of pages
6
Written in
2024/2025
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wise exam Questions and Answers 100%
Solved
been contributing regularly to her company's 401k plan . she decides to leave the company. it
would be financially advisable. Correct Ans-the money from the 401k plan and use it as an
emergency fund




applying for a 20 year old bank mortgage in order to purchase a house. When will this person
become the sole owner of the home. Correct Ans-the mortgage payments have been made




individuals and corporations contribute so generously to charitable organizations? Correct
Ans-charitable organizations raise credit scores




for owning rather then renting a home is that owning a home usually Correct Ans-tax
deductions and builds financial equity



shares of stock at 10$ a share for a total of 400$. she sells the 40 shares at 20$ a share for a
total of $800. Correct Ans-of 400$




a bank savings account is that it Correct Ans-to earn interest while establishing a personal
finance history




certificate of deposit Correct Ans-with a guaranteed rate of interest and a maturity date

, cost Correct Ans-take a summer vacation rather than work over the summer. the money lost
by not working is called:




financial planner Correct Ans-to achieve financial goals




to deposit a check Correct Ans-a signature is required in the back of a check




to pay his monthly telephone bill automatically from his checking account what should this
person do this month? Correct Ans-money in his checking account to pay the bill




the purpose of buying insurance is to Correct Ans-financial protection in case of a loss




of having pay directly deposited in an employees checking account is that the ....taxes are lower
Correct Ans-...cannnot be lost or stolen




to cosign a lown for tasha the lender will most likely Correct Ans-ramon's creditworthiness
for the loan




of earning income is Correct Ans-100$ from babysitting




houston needs a loan he should first Correct Ans-from a well known insurance broker
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