Page |1
WISE TEST Exam (2026) Exam Questions
& Answers | Latest Already Graded A+
UPDATE 2026|2027!! Questions and
Correct Answers/ Latest Update / Already
Graded
"Paying yourself first" is a strategy to
A. revise goals.
B. make impulse purchases.
C. create a budget.
D. build savings.
Ans: d
A college student has to live on a tight budget. Before making a
decision to buy the newest cell
phone, which question should he ask himself first?
A. Is the new cell phone cheaper than the one being used?
B. Is the new cell phone on sale?
C. Is the new cell phone a need or a want?
D. Will my friends like the new cell phone?
Ans: C
All rights reserved © 2025/ 2026 |
, Page |2
A company that keeps files and records on people who apply for and
use credit is called a
A. credit union.
B. commercial bank.
C. finance company.
D. credit reporting agency.
Ans: D
A company that sells shares of ownership through a stock exchange to
investors is a
A. sole proprietorship.
B. public corporation.
C. securities exchange.
D. private corporation.
Ans: D
A computer scam that uses spam or pop-up messages to deceive
consumers into disclosing their
card numbers, bank account information, Social Security numbers,
passwords, or other personal
All rights reserved © 2025/ 2026 |
, Page |3
information is called
A. soliciting.
B. phishing.
C. scamming.
D. consuming.
Ans: B
A debit card allows a person to:
A. pay for purchases directly from a checking or savings account.
B. build wealth.
C. borrow money for a short term.
D. spend more money than deposited in a checking or savings account.
Ans: A
A form of payment that is guaranteed to be as good as cash is a
A. personal check.
B. bank check.
C. credit card charge.
D. promissory note.
All rights reserved © 2025/ 2026 |
, Page |4
Ans: b
A loan can be denied by a lender because of a person's
A. education.
B. health.
C. credit history.
D. gender.
Ans: C
A low credit score can negatively affect a person's ability to
A. rent an apartment.
B. get approved for a debit card.
C. open a savings account.
D. qualify for a driver's license.
Ans: A
A method of reducing investment risk is known as
A. speculation.
B. diversification.
All rights reserved © 2025/ 2026 |
WISE TEST Exam (2026) Exam Questions
& Answers | Latest Already Graded A+
UPDATE 2026|2027!! Questions and
Correct Answers/ Latest Update / Already
Graded
"Paying yourself first" is a strategy to
A. revise goals.
B. make impulse purchases.
C. create a budget.
D. build savings.
Ans: d
A college student has to live on a tight budget. Before making a
decision to buy the newest cell
phone, which question should he ask himself first?
A. Is the new cell phone cheaper than the one being used?
B. Is the new cell phone on sale?
C. Is the new cell phone a need or a want?
D. Will my friends like the new cell phone?
Ans: C
All rights reserved © 2025/ 2026 |
, Page |2
A company that keeps files and records on people who apply for and
use credit is called a
A. credit union.
B. commercial bank.
C. finance company.
D. credit reporting agency.
Ans: D
A company that sells shares of ownership through a stock exchange to
investors is a
A. sole proprietorship.
B. public corporation.
C. securities exchange.
D. private corporation.
Ans: D
A computer scam that uses spam or pop-up messages to deceive
consumers into disclosing their
card numbers, bank account information, Social Security numbers,
passwords, or other personal
All rights reserved © 2025/ 2026 |
, Page |3
information is called
A. soliciting.
B. phishing.
C. scamming.
D. consuming.
Ans: B
A debit card allows a person to:
A. pay for purchases directly from a checking or savings account.
B. build wealth.
C. borrow money for a short term.
D. spend more money than deposited in a checking or savings account.
Ans: A
A form of payment that is guaranteed to be as good as cash is a
A. personal check.
B. bank check.
C. credit card charge.
D. promissory note.
All rights reserved © 2025/ 2026 |
, Page |4
Ans: b
A loan can be denied by a lender because of a person's
A. education.
B. health.
C. credit history.
D. gender.
Ans: C
A low credit score can negatively affect a person's ability to
A. rent an apartment.
B. get approved for a debit card.
C. open a savings account.
D. qualify for a driver's license.
Ans: A
A method of reducing investment risk is known as
A. speculation.
B. diversification.
All rights reserved © 2025/ 2026 |
