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Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < An individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. The net worth of this individual is - ANSWER : $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the - ANSWER : purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover mo...

Wise Practice Exam Tested Questions With Revised Correct Answers > Updated & Passed < One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of unauthorized purchases he is liable for is: - ANSWER : $50 Consumers who file for bankruptcy are still responsible for: - ANSWER : Tax claims and student loans Which of the...

Wise Practice Exam Tested Questions With Revised Correct Answers > Updated & Passed < Which statement is FALSE about most ATM (Automated Teller Machine) cards? - ANSWER : You can always get cash anywhere in the world with no fee. You must have a bank account to have an ATM card because the ATM card is used to electronically make deposits into, withdrawals from, or get information concerning your bank balance at an ATM 24 hours a day, seven days a week. If you use an ATM...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < Which of the following does the Federal Reserve use to regulate the nation's money supply? - ANSWER : C: Monetary policy reasons:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the U.S. economy. In theory, if there is too little money in circulation, consumers will spend les...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < Budget variance. - ANSWER : the difference between the budgeted amount and the actual amount that you spend Debt ratio - ANSWER : shows the relationship between debt and net worth. Debt ratio - ANSWER : The lower the ratio the better off financially the person is. Debt ratio - ANSWER : calculated by dividing liabilities by net worth Excise tax - ANSWER : government imposes a tax on specific g...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < 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 - ANSWER : Both John and Maria A factor that can cause the price of a stock to DECREASE is the company - ANSWER : lowering its expectations of future earnings. A good financial goal should - ANSWER : be achievable in fi...

Cpl Course Test 4a-4b Questions With Revised 100% Correct Answers Cpl Wilson is a professional, motivated Cpl with 4.5/4.5 pro/con marks. He is PME complete and just scored a 275 on his CFT. Cpl Wilson has the required cutting score for promotion within his MOS. Provide three reasons that this marine would not be promoted even though he is eligible? - ANSWER : If within promotion restricted status If within 3 months of date awarded njp If assigned to bcp or map ****Finish the st...

Corporal's Course Test 2 (4A/4B) I, II, III Questions Reviewed With Revised 100% Correct Answers List 3 occasions when a Marine in the rank of private through corporal is required to receive command input marks. - ANSWER : - Promotion - Transfer - Change of primary duty station - To TAD - From TAD in excess of 30 days - Annual - Semi annual - Completion of annual training - Discharge - Reduction - Declared deserter - Active Duty Operational Support TRUE or FALSE: How well a ...

CORPORALS COURSE COMP 2 Exam Set Test Questions Reviewed With Revised 100% Correct Answers What are three possible occasions when a marine is REQUIRED to receive proficiency and conduct marks? - ANSWER : -Transferred -promotion -Reduction of rank List the attributes that rated when assigning proficiency marks - ANSWER : -Mission accomplishment -Intellect & wisdom -Leadership -Individual Character -Physical fitness -Personal appearance -Completion of PME, MCI & off duty educa...

CPL's Course Test 4A & 4B Examination (13 Repeated Questions) With Revised 100% Correct Answers List the 3 occasions when a Marine in the ranks of PVT-CPL is required to receive a Pro & Con mark. 4A & 4B - ANSWER : TAD for 30 days or more Reduction of Rank Promotion of next Rank (TRUE or FALSE) Courage, Initiative, Physical Fitness and Selfimprovement through PME are all attributes that are rated when signing conduct marks. 4A - ANSWER : False A CPL receives Pro & Con marks of 2.5...