WGU D363 PRE-ASSESSMENT STUDY GUIDE 2025/2026 ACCURATE QUESTIONS AND VERIFIED CORRECT SOLUTIONS || 100% GUARANTEED PASS RECENT UPDATE

WGU D363 PRE-ASSESSMENT STUDY GUIDE 2025/2026 ACCURATE QUESTIONS AND VERIFIED CORRECT SOLUTIONS || 100% GUARANTEED PASS RECENT UPDATE Anika looks through her balance sheet. She is categorizing her liabilities. Which liability would be considered a short-term liability? Student loan Automobile loan Credit card balance Mortgage - ANSWER️Credit card account balances are considered a short-term liability, as they can be paid off within one year. Eva is evaluating her personal budget. She is certain there are things she could do differently to improve her financial habits. What is one suggestion that financial experts make to turn bad habits into good ones? Search for checking accounts with low monthly fees Keep checking account balance high Pay all monthly bills on time Open one savings account only - ANSWER️Financial experts suggest paying all bills on time to avoid paying late fees or interest. Maria knows that she has to keep certain documents secure, especially ones that relate to her personal budget and net worth. Which document is an example of a financial document that Maria should keep in a fireproof home safe? Copies of income tax filings for the past three years List of credit card accounts and telephone numbers List of safe-deposit box contents Financial institutions and account numbers - ANSWER️A list of items that are stored in a safe-deposit box is an example of a financial document that Maria would keep at home. Jack is analyzing his personal budget to see how healthy it is. He knows there are several ratios that he can calculate to determine health. Which financial ratio will Jack need to calculate to determine whether he owns enough things with monetary value to meet his debt obligations? Debt payments-to-disposable-income ratio Asset-to-debt ratio Debt-to-income ratio Liquidity ratio - ANSWER️This is calculated by dividing total assets by total debt. A high ratio is desirable. Leilani wants to save money, and she prefers to do so in a traditional savings account. Which monetary asset provider should Leilani use? Brokerage firm Depository institution Insurance company Mutual funds - ANSWER️Depository institutions, or banks, offer many financial services including checking and savings accounts Ren learned about the Federal Deposit Insurance Corporation (FDIC), so he wants to be sure his new savings account is covered. Which financial institution should Ren use to open an account to be sure it is FDIC insured? Depository institution Brokerage firm Mutual funds Bond investment - ANSWER️Accounts held at depository institutions are federally insured to $250,000 per person across all accounts held at that bank. Oliver wants to grow his monetary assets. He decides to check into purchasing bonds and other investments. Which monetary asset provider should Oliver meet with? Insurance company Thrift institution Stock brokerage firm Mutual fund company - ANSWER️Stock brokerage firms specialize in stocks, bonds, and many other investments. What is a reason one should consider opening a savings account at a credit union? Credit unions have lower required balances than those at a traditional bank. The federal insurance coverage is $300,000 instead of $250,000 at traditional banks. Credit unions charge lower fees and pay higher interest rates than traditional banks . The account is covered by the Federal Deposit Insurance Corporation (FDIC). correct - ANSWER️Credit unions are a good way to pay less in fees and earn more interest on deposits. What is a risk associated with opening an account with a mutual funds company? There is greater risk with mutual fund investments than with other investments. The management fees are higher for mutual funds than brokerage firms. Dividends are not automatically reinvested, so growth is limited. The account is not insured by the Federal Deposit Insurance Corporation. - ANSWER️These investment companies make money by selling shares and then use the money for investing. However, these investments are not FDIC insured.J A financial services provider earns a commission based on what it buys and sells for a customer. It offers cash or mutual fund accounts for clients to deposit money while waiting to invest it.