W!SE Practice Test 3

Flashcard
•
Other
•
9th - 12th Grade
•
Hard

Donna Convey
FREE Resource
Student preview

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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