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Wise Test Review - 50 Questions & Answers | 100% Correct | Verified

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Wise Test Review - 50 Questions & Answers | 100% Correct | Verified A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally re ...

Wise Test Review - 50 Questions & Answers | 100% Correct | Verified A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally responsible for paying the $100 - ✔✔Both John and Maria A factor that can cause the price of a stock to DECREASE is the company - ✔✔lowering its expectations of future earnings. A good financial goal should - ✔✔be achievable in five years. A landlord never received the rent check sent by the renter two weeks ago. What is the first action the renter should take - ✔✔Contact the bank to find out if the check was cashed. A major reason that corporations issue stock is to - ✔✔raise money to expand business activities. A person has been contributing regularly to her company's 401(k) plan. She decides to leave the company. It would be financially advisable for her to - ✔✔move the money from the 401(k) plan into another qualified retirement plan A person is looking at his budget to find ways to invest more money. It would be best for him to - ✔✔reduce this variable expenses. A person may need to have liquid assets when - ✔✔there is an emergency need for cash A person receives $200 from an uncle for graduation. This money is considered - ✔✔a gift. A person wants to buy stock in McDonald's. Before buying the stock it is important that the person consider the - ✔✔company's potential for making money.A person wants to open a bank account in his name. He will be required to give the bank - ✔✔a state or federal-issued picture identification. A person's gross pay for this month is $4,000. Why should his monthly budget be less than $4,000 - ✔✔Taxes are taken out of his gross pay, reducing the amount of money he takes home A role of the Federal Reserve Bank (Fed) is to - ✔✔influence interest rates. A service that banks provide is - ✔✔selling certificates of deposit (CDs). A student is interested in becoming an engineer, for her a major advantage of doing an unpaid internship at an engineering firm is having the opportunity to - ✔✔learn about the profession from people in the company An advantage of using a bank is that generally - ✔✔its savings accounts are FDIC insured

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