Ultimate Wise Review :)

Front

The value of buying insurance for a cell phone is to

Back

be able to replace the cell phone if it is lost or stolen

Front

If a person has to pay $35 a year on each $100 borrowed, the cost in interest is?

Back

high

Front

When a person wins $5,000 in the lottery, the person will

Back

have to report the $5,000 to the Internal Revenue Service (IRS) as income for that year.

Front

Which budget category is correctly matched with its explanation? Fixed expense: $50 pair of shoes to go with a new outfit, Variable expense: $60 automatically deposited monthly into a savings account, Fixed expense: $120 monthly car insurance bill, Variable expense: $450 monthly rent payment

Back

Fixed expense: $120 monthly car insurance bill

Front

The cost of car insurance is affected by the: kind of car owned, expertise of the car salesperson, type of gas the car requires, number of times the car has been serviced.

Back

kind of car owned

Front

Why would a person put a stop payment on a check? Options: The payee does not have a checking account, To prevent anyone from cashing a check that was lost or stolen, To avoid paying a fee for a lost check, To close the checking account

Back

To prevent anyone from cashing a check that was lost or stolen

Front

A person has a car loan with a 10% interest rate. The loan would cost the least amount of money if it is paid back in

Back

3 years

Front

A person finds an error when reviewing her credit report. What can she do?

Back

Contact the credit reporting agency immediately about the error

Front

Why does a corporation issue bonds to the public?

Back

it wants to borrow money

Front

Bankruptcy allows a person to erase all of the following debts EXCEPT for: credit card charges and installment loans, doctors' fees and hospital charges, past due rent and car loans, income taxes and child support payments.

Back

income taxes and child support payments