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Post date: Nov 25, 2013 1:35:9 PM
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W!SE FINANCIAL LITERACY CERTIFICATION TEST
Topics That Need Attention
C. Credit
Credit card cash advances
Truth in Lending Act
Consequence of paying the minimum payment due on a credit card bill or paying a bill late
How does the degree of risk influence the interest rate charged for credit
Debit to Credit Ratio
Credit Reports
Consequence of a lost or stolen credit card
The length of debt repayment and impact on cost
D. Insurance
How insurance works—concept of sharing risk
How an insurance deductible works
Collision coverage/when do consumers normally terminate this coverage
Term life insurance
Whole life insurance
Health—HMO insurance and co-pay
Renters Insurance
Disability Insurance
How to reduce the cost of auto insurance
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