W!SE REVIEW Part 1 25 Questions STARKE

Front

Which factor would most likely lead to an increase in the interest rate on a person's credit card? Options: number of purchases, late payments, number of cash advances, total amount charged

Back

late payments

Front

A person's computer is stolen from their apartment, which insurance covers this? Options: renter's insurance, property liability, collision, comprehensive

Back

renter's insurance

Front

A bank certificate of deposit is a:

Back

savings instrument that requires a deposit for a period of time during which there is a penalty for withdrawals.

Front

The National Credit Union Administration (NCUA) insures accounts in: Credit unions, Savings banks, Brokerage firms, Commercial banks

Back

Credit unions

Front

The phrase used for putting money into a savings account is:

Back

Making a deposit

Front

If a business wants to raise capital but not create debt, it can: Issue Common Stock, Float a bond issue, Borrow money from a commercial bank, Borrow money from the government

Back

Issue Common Stock

Front

A person buys insurance to:

Back

protect themselves against financial hardship

Front

Using someone else's money, promising to repay at a future date, and paying a fee for use of the money, is the definition for: credit, taxation, investing, interest

Back

credit

Front

You have a $2,000 loss. Your insurance company pays you $1,500 on the claim for a loss. The $500 the insurance did not pay is a result of your policy having a:

Back

deductible

Front

The phrase "don't put all your eggs in one basket" describes the following investment strategy?

Back

diversification