Wise Financial Literacy Exam Questions (67 Terms) With Verified Definitions Updated 2024

Open market operations {Ans: They lend out more reserves and it increases the money supply}Three leading credit report agencies {Ans: Equifax, transunion, experian}What to do if a person is a victim of identity theft {Ans: Contact banks and cancel all credit cards and review bank accounts and check for stolen identity}Bear market {Ans: Market that experiences prolonged period of loss}Term life insurance {Ans: Pay a lump sum Benicia to beneficiary of choice}Debt to credit ratio {Ans: Amount of credit you have relative to how much debt you hbe}