W!SE Practice Test 3

W!SE Practice Test 3

Assessment

Flashcard

Other

9th - 12th Grade

Practice Problem

Hard

Created by

Donna Convey

FREE Resource

Student preview

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50 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What provides an increase in assets or wealth?

Back

having capital gains

2.

FLASHCARD QUESTION

Front

The denominations of coins in the US are:

Back

$0.01, $0.05, $0.10, $0.25, $0.50, and $1.00

3.

FLASHCARD QUESTION

Front

Mutual Funds are:

Back

an investment that holds a wide range of different investment instruments, providing diversification

4.

FLASHCARD QUESTION

Front

Why is term life insurance usually the least expensive type of life insurance?

Back

the policy only pays a death benefit

5.

FLASHCARD QUESTION

Front

Disadvantage of using phone cards, debit cards, electronic transfer, and ATM cards?

Back

They expose consumers to greater likelihood of identity theft.

6.

FLASHCARD QUESTION

Front

The process of setting aside money and putting it to work by having it earn interest or dividends or gain value in the equities market with the idea of having additional funds to use in the future is described as:

Back

savings and investing

7.

FLASHCARD QUESTION

Front

Do checking accounts pay interest?

Back

Some types of checking accounts pay interest.

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