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Wise Personal Finance Review
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Avg score: 49% • Most missed: “hat happens to the Interest Rate of a 10 year bond with a 6% interest rate :”
Wise Personal Finance Review
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25 Questions

1. Rule 72 is the

2. A person should know that investing in the stock market for over 20 years will

3. When Opening a checking acct you have the right to

4. hat happens to the Interest Rate of a 10 year bond with a 6% interest rate :

5. Insurance is considered shared risk

6. Why do corporations issue Bonds

7. A person pawns a watch and receives $100, a month later the person pays back 120. the $20 is consider:

8. List the assets that are the most liquid to least liquid

9. What's the purpose of balancing or monitoring your checking account?

10. Benefit of using a Debit Card not linked to overdraft

11. ____________Have a Fixed Interest rate.

12. There are Fixed and Variable expenses , which expenses are variable

13. What happens to your Net Income If you Increases the number of Payroll exemptions on your W4

14. Form of payment that is as good as cash and guaranteed

15. Stocks: have a greater chance of

16. A person has $2000 to save and believes interest rates are going to go down

17. You need to fill out a __________ before you can start your job and a W-2 at the end of the year to file your taxes.

18. Which of the following savings vehicles usually requires a high minimum balance? And a penalty if you withdraw it early

19. All effective financial goals

20. A person has a balanced budget when

21. Pay yourself first

22. Which of the following is a unique feature of credit unions?

23. How long does bankruptcy stay on your credit report for

24. What is the formula for NetWorth

25. When the Fed lowers Interest rates it is trying to

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