WISE FINAL TEST 2026 QUESTIONS WITH
CORRECT ANSWERS GRADED A+
◍ Installment loan.
Answer: a loan repaid with interest in equal periodic payments
◍ personal property floater.
Answer: additional property insurance that covers the damage or loss of a
specific item of high value
◍ keen.
Answer: having sharp sense or quick to understand
◍ uncollateralized loan.
Answer: A personal loan without assets to cover the loan amount.
◍ Credit unions.
Answer: Credit unions usually pay the highest rates of interest because they
have lower risks and costs of operation. They are not-for-profit
organizations
◍ Credit union.
Answer: Credit unions are not-for-profit savings and lending financial
institutions, owned by its members
◍ The annual percentage rate (APR).
Answer: The true cost of credit that must be disclosed on a loan agreement
◍ treasury bill (T-bill).
Answer: These bills are backed by the full faith and credit of the US
government, therefore considered relatively risk free
◍ embrace.
Answer: to take up seriously
, ◍ Financially literate?.
Answer: They understand the basics of personal finance and money
management
◍ Rising interest.
Answer: Can lower stock prices because of lower business profits
◍ deductible.
Answer: 250 deductible, means the person will have to pay the first $250
which will be deducted from the claim settlement paid by the insurance
company.
◍ equip.
Answer: to provide with what is needed
◍ Department store charge cards..
Answer: open-end credit
◍ Monetary policy.
Answer: The Federal Reserve uses to regulate the nation's money supply?
◍ Credit unions.
Answer: Are insured by National Credit Union Administration (NCUA),up
to $100,000
◍ Money orders are:.
Answer: A purchased certificate to pay a specified amount to a specific
payee
◍ Notify the credit card companies in order to negotiate a new payment plan..
Answer: Notify the credit card companies in order to negotiate a new
payment plan.
◍ Series EE Savings Bonds.
Answer: Are exempt from state and local taxes.
◍ rate of inflation.
Answer: determines the time value of depositing into a savings account, and
CORRECT ANSWERS GRADED A+
◍ Installment loan.
Answer: a loan repaid with interest in equal periodic payments
◍ personal property floater.
Answer: additional property insurance that covers the damage or loss of a
specific item of high value
◍ keen.
Answer: having sharp sense or quick to understand
◍ uncollateralized loan.
Answer: A personal loan without assets to cover the loan amount.
◍ Credit unions.
Answer: Credit unions usually pay the highest rates of interest because they
have lower risks and costs of operation. They are not-for-profit
organizations
◍ Credit union.
Answer: Credit unions are not-for-profit savings and lending financial
institutions, owned by its members
◍ The annual percentage rate (APR).
Answer: The true cost of credit that must be disclosed on a loan agreement
◍ treasury bill (T-bill).
Answer: These bills are backed by the full faith and credit of the US
government, therefore considered relatively risk free
◍ embrace.
Answer: to take up seriously
, ◍ Financially literate?.
Answer: They understand the basics of personal finance and money
management
◍ Rising interest.
Answer: Can lower stock prices because of lower business profits
◍ deductible.
Answer: 250 deductible, means the person will have to pay the first $250
which will be deducted from the claim settlement paid by the insurance
company.
◍ equip.
Answer: to provide with what is needed
◍ Department store charge cards..
Answer: open-end credit
◍ Monetary policy.
Answer: The Federal Reserve uses to regulate the nation's money supply?
◍ Credit unions.
Answer: Are insured by National Credit Union Administration (NCUA),up
to $100,000
◍ Money orders are:.
Answer: A purchased certificate to pay a specified amount to a specific
payee
◍ Notify the credit card companies in order to negotiate a new payment plan..
Answer: Notify the credit card companies in order to negotiate a new
payment plan.
◍ Series EE Savings Bonds.
Answer: Are exempt from state and local taxes.
◍ rate of inflation.
Answer: determines the time value of depositing into a savings account, and
