W!SE test practice

Another term for the $ amount of your paycheck after taxes & other withholdings is:

• Net income

• Discretionary income

• Gross Income

• Adjusted gross income

Before the KISS Corporation can issue stocks or bonds, it must register the offering with:

• The Federal Reserve

• The Securities & Exchange Commission (SEC)

• Its Board of Directors

• The World Bank

Buying a treasury bill (T-Bill) is best for investors who are looking for:

• an investment that matures in 10-30 years

• a higher yield on their investment than corporate bonds offer

• a secure, low-risk investment

• a place to invest between $100-$500

A cash card generally:

• Can be used in the same way that someone uses a check to pay bills by mail

• Is the same as a debit card and is always linked to specific checking account

• Is purchased w/a specific amount of money that can be used to pay for goods or services

• Is the same

An example of a fixed expense is:

• profits on a the investment can be averaged over the length of time the investment is held

• capital gains on the investment will be taxed at a lower rate

• fees will not be charged by brokers for selling the investment

• money earned on the investment will be tax-free

Financial plans need to:

• include income and eliminate risk

• be approved by an accountant

• be changed during different stages of life

• include income by not expenses

Gwen receives a bill from her auto insurance company and she sends a check to the company to make sure her policy isn't cancelled. That payment is the:

• premium

• deductible

• exclusion

• co-insurance clause

If you have a managed health care plan (aka HMO), it means that you:

• can apply for an 80% reimbursement of the amount paid to the doctor

• can go to the doctor anytime

• usually must first meet with your primary care physician

• will be responsible for a $100 of any doctor's bill

If you have been denied credit, a job, a license, an insurance policy, or loan because of bad credit, you can request a free copy of your credit report within how many days?

• 60

• 30

• 90

• there is no time limit

An important consideration when saving money for emergencies is:

• high degree of safety and liquidity

• high growth potential

• diversification

• return on investment