Wise Practice Test Study Guide Graded A+

Rising interest {Ans: Can lower stock prices because of lower business profits}personal property floater {Ans: Would be appropriate for a woman receiving a very expensive piece of jewelry, but has homeowners insurance.}A person is depositing $20 in cash and a check for $50. On the checking account deposit slip, the person should {Ans: list the cash deposit separately from the check as well as the total of the deposit.}Department store charge cards. {Ans: open-end credit}Collateral {Ans: tangible asset that is used to secure a loan. In the case of a mortgage, the actual house or apartment serves as the collateral for that loan.}US Treasury Department. {Ans: must notify be to track large deposits, the federal government requires that deposits of $10,000 or more}