WISE TEST CERTIFICATION SCRIPT 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◍ Time Value of Money.
Answer: the increase of an amount of money due to earned interest or
dividends
◍ A person owns a stock that pays a $2.00 a share dividend. If the person
chooses to reinvest that dividend, thus means that the $2.00 will go toward
buying?.
Answer: More of the same stock
◍ Our values are?.
Answer: The basic principles that guides our actions and beliefs
◍ Small Cap Stock.
Answer: A company with a market capitalization of $1 billion.
◍ Dow Jones Industrial Average.
Answer: Market index that contains 30 of the largest companies, yet is a
widely used and accurate indicator of stock market performance.
◍ Grace Period.
Answer: the amount of time a credit card company provides before you
incur finance charges
◍ Owe government.
Answer: This is what happens at tax time if you claimed more allowances all
year than you should have.
◍ Jami lost her debt card. She did not report it missing for 3 months. If an
unauthorized person used her debt card, her maximum liability is?.
Answer: Unlimited liability
, ◍ You used your credit card to buy flowers at the florist. The dollar amount of
the purchase was?.
Answer: Added to your credit card bill and you pay for it at a later date
◍ Money orders are?.
Answer: A purchased certificate to pay a specified amount to a specific
payee
◍ Homeowner's Insurance.
Answer: Insurance that covers damage to your home, personal property and
injuries to others.
◍ Credit CARD Act.
Answer: Bans unfair rate increases, prevents unfair fee traps, protects
students and young people
◍ In terms of retirement income, a person should realize that the amount of
money the person will receive from the Social Security System's benefits
depends on the person's?.
Answer: Earnings over a lifetime of work
◍ John's job provided the main income for his family. He died unexpectedly
and had no life insurance. The probably financial consequence for his wife
and two children does not include?.
Answer: An insurance in income and expenses
◍ Before the Kiss Corporation can issue stocks or bonds, it must register the
issue with?.
Answer: The Securities and Exchange Commission (SEC)
◍ Julian is a single and recent college graduate who just got his first full-time
job. Which of the following should be his first financial goal?.
Answer: Establishing a fund for emergencies
◍ A person complains about how expansive it is to be a cigarette smoker. One
of the reasons cigarettes are so expensive is that?.
Answer: The government imposes an excise tax on them
QUESTIONS WITH SOLUTIONS GRADED A+
◍ Time Value of Money.
Answer: the increase of an amount of money due to earned interest or
dividends
◍ A person owns a stock that pays a $2.00 a share dividend. If the person
chooses to reinvest that dividend, thus means that the $2.00 will go toward
buying?.
Answer: More of the same stock
◍ Our values are?.
Answer: The basic principles that guides our actions and beliefs
◍ Small Cap Stock.
Answer: A company with a market capitalization of $1 billion.
◍ Dow Jones Industrial Average.
Answer: Market index that contains 30 of the largest companies, yet is a
widely used and accurate indicator of stock market performance.
◍ Grace Period.
Answer: the amount of time a credit card company provides before you
incur finance charges
◍ Owe government.
Answer: This is what happens at tax time if you claimed more allowances all
year than you should have.
◍ Jami lost her debt card. She did not report it missing for 3 months. If an
unauthorized person used her debt card, her maximum liability is?.
Answer: Unlimited liability
, ◍ You used your credit card to buy flowers at the florist. The dollar amount of
the purchase was?.
Answer: Added to your credit card bill and you pay for it at a later date
◍ Money orders are?.
Answer: A purchased certificate to pay a specified amount to a specific
payee
◍ Homeowner's Insurance.
Answer: Insurance that covers damage to your home, personal property and
injuries to others.
◍ Credit CARD Act.
Answer: Bans unfair rate increases, prevents unfair fee traps, protects
students and young people
◍ In terms of retirement income, a person should realize that the amount of
money the person will receive from the Social Security System's benefits
depends on the person's?.
Answer: Earnings over a lifetime of work
◍ John's job provided the main income for his family. He died unexpectedly
and had no life insurance. The probably financial consequence for his wife
and two children does not include?.
Answer: An insurance in income and expenses
◍ Before the Kiss Corporation can issue stocks or bonds, it must register the
issue with?.
Answer: The Securities and Exchange Commission (SEC)
◍ Julian is a single and recent college graduate who just got his first full-time
job. Which of the following should be his first financial goal?.
Answer: Establishing a fund for emergencies
◍ A person complains about how expansive it is to be a cigarette smoker. One
of the reasons cigarettes are so expensive is that?.
Answer: The government imposes an excise tax on them
