4/11/26, 10:51 AM WISE Financial Literacy Certification Practice Questions
WISE Financial Literacy Certification Practice Questions \Actual
Exam with Complete Questions & Accurate Detailed
Answers\Verified 100% \LATEST UPDATE 2026-2027
Question : To qualify for a Federal Housing Administration (FHA) loan, a person
must generally
A: have at least a high school diploma.
B: have one-quarter of the cost of the
home for a down-payment.
C: fulfill income guidelines.
D: provide two individuals to co-sign the loan.
C: fulfill income guidelines.
A high school student has begun to investigate the field of finance as a
career choice. In deciding about the field, the student should focus on
which question first?
A: Will I find a balance between financial rewards and personal satisfaction
from work?
B: How many people do I know who work in this
field? C: Once I train for this area, how long
before I will be at the top of the field?
D: Are there people in this field who are
dissatisfied with their jobs?
A: Will I find a balance between financial rewards and personal satisfaction
from work?
/ 1/23
,4/11/26, 10:51 AM WISE Financial Literacy Certification Practice Questions
A type of electronic funds transfer (EFT) is:
A: A transaction made with a
check B: A deposit made with a
bank teller C: Not widely used
by consumers D: An ATM
transaction
D: An ATM transaction
A company offers a defined-contribution pension plan which means that upon
retirement the employee will receive
A: one-half of the employee's last year's salary.
B: the total amount of money contributed plus
investment earnings.
C: an amount of money based only on the length of
time the employee worked for the company.
D: a specified amount of money based totally on the
profit earned by the company while the employee
worked
there.
B: the total amount of money contributed plus investment earnings.
The interest earned on United States Series EE Savings Bonds is
A: exempt from state and local taxes.
B: paid in a lump sum at the time the face value on the bond is
reached. C: equal to the money paid to purchase it.
A: exempt from state and local taxes.
/ 2/23
, 4/11/26, 10:51 AM WISE Financial Literacy Certification Practice Questions
Buying a treasury bill (T-bill) is best for investors who are looking for
A: a place to invest between $100-
$500. B: a secure, low risk
investment.
C: a higher yield on their investment than corporate bonds
offer. D: an investment that matures in 10-30 years.
B: a secure, low, risk investment.
Using a brokerage firm, a qualified investor buys 1000 shares of a common
stock at
$50 a share on 50% margin. This means that the
A: investor will pay only $5000 for the
shares. B: investor is buying 2000
shares.
C: brokerage firm is lending the investor 50% of the money.
D: brokerage firm will own 50% of the 1000 shares of stock that were
purchased.
C: brokerage firm is lending the investor 50% of the money
To determine the time value of depositing $100 in a savings account, a
person needs to know the interest rate and
A: her total
income. B: the rate
of inflation.
C: whether the account is FDIC protected.
D: whether the bank offers overdraft protection.
B: the rate of inflation.
/ 3/23
WISE Financial Literacy Certification Practice Questions \Actual
Exam with Complete Questions & Accurate Detailed
Answers\Verified 100% \LATEST UPDATE 2026-2027
Question : To qualify for a Federal Housing Administration (FHA) loan, a person
must generally
A: have at least a high school diploma.
B: have one-quarter of the cost of the
home for a down-payment.
C: fulfill income guidelines.
D: provide two individuals to co-sign the loan.
C: fulfill income guidelines.
A high school student has begun to investigate the field of finance as a
career choice. In deciding about the field, the student should focus on
which question first?
A: Will I find a balance between financial rewards and personal satisfaction
from work?
B: How many people do I know who work in this
field? C: Once I train for this area, how long
before I will be at the top of the field?
D: Are there people in this field who are
dissatisfied with their jobs?
A: Will I find a balance between financial rewards and personal satisfaction
from work?
/ 1/23
,4/11/26, 10:51 AM WISE Financial Literacy Certification Practice Questions
A type of electronic funds transfer (EFT) is:
A: A transaction made with a
check B: A deposit made with a
bank teller C: Not widely used
by consumers D: An ATM
transaction
D: An ATM transaction
A company offers a defined-contribution pension plan which means that upon
retirement the employee will receive
A: one-half of the employee's last year's salary.
B: the total amount of money contributed plus
investment earnings.
C: an amount of money based only on the length of
time the employee worked for the company.
D: a specified amount of money based totally on the
profit earned by the company while the employee
worked
there.
B: the total amount of money contributed plus investment earnings.
The interest earned on United States Series EE Savings Bonds is
A: exempt from state and local taxes.
B: paid in a lump sum at the time the face value on the bond is
reached. C: equal to the money paid to purchase it.
A: exempt from state and local taxes.
/ 2/23
, 4/11/26, 10:51 AM WISE Financial Literacy Certification Practice Questions
Buying a treasury bill (T-bill) is best for investors who are looking for
A: a place to invest between $100-
$500. B: a secure, low risk
investment.
C: a higher yield on their investment than corporate bonds
offer. D: an investment that matures in 10-30 years.
B: a secure, low, risk investment.
Using a brokerage firm, a qualified investor buys 1000 shares of a common
stock at
$50 a share on 50% margin. This means that the
A: investor will pay only $5000 for the
shares. B: investor is buying 2000
shares.
C: brokerage firm is lending the investor 50% of the money.
D: brokerage firm will own 50% of the 1000 shares of stock that were
purchased.
C: brokerage firm is lending the investor 50% of the money
To determine the time value of depositing $100 in a savings account, a
person needs to know the interest rate and
A: her total
income. B: the rate
of inflation.
C: whether the account is FDIC protected.
D: whether the bank offers overdraft protection.
B: the rate of inflation.
/ 3/23
