WISE TEST FINAL TEST 2026 QUESTIONS
WITH CORRECT ANSWERS GRADED A+
◍ A woman has just received a very expensive piece of jewelry. The woman
has homeowner's insurance. Which statement would it be most appropriate
for her to make to her insurance agent?.
Answer: "I think I need a personal property floater."
◍ No insurance.
Answer: First get insurance against Losses resulting from an illness,
accident, or disability
◍ 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
◍ A pharmacy is to drugs as the American Stock Exchange is to:.
Answer: Securities
◍ Jami lost her debit card. She did not report it missing for 3 months. If an
unauthorized person used her debit card, her maximum liability is:.
Answer: Unlimited liability
◍ debt ratio.
Answer: calculated by dividing liabilities by net worth
◍ The information that a lender must disclose to consumers applying for a
cash loan is:.
Answer: The annual percentage rate (APR), and/or the finance charge
◍ After five years of owning a Roth Individual Retirement Account (IRA), a
person wants to buy his first home, the person can withdraw money from the
Roth IRA.
, Answer: tax and penalty free.
◍ Before the Kiss Corporation can issue stocks or bonds, it must register the
issue with:.
Answer: The Securities and Exchange Commission (SEC)
◍ The Securities and Exchange Commission SEC.
Answer: Before a company can raise capital by issuing stocks or bonds, it
must register the stock or bond issue with the
◍ A bank Certificate of Deposit is a:.
Answer: Savings instrument that requires a deposit for a period of time
during which there is a penalty for withdrawals
◍ get advice from your friends.
Answer: will help you the least in managing your money?
◍ Which is the best example of a way to reduce fees paid for ATM
transactions?.
Answer: When making supermarket purchases with a debit card, a person
adds $50 in cash to the transaction instead of using an ATM machine.
◍ The Securities and Exchange Commission SEC.
Answer: Agency created in 1934 that monitors the stock market and
enforces laws regulating sales of stocks and bonds
◍ An investor bought 40 shares of ABC corporation's stock at $80 a share.
Two weeks later, the investor receives notice that the corporation has
approved a 2-for-1 stock split. Based on this information, the investor would
own at the moment of the split.
Answer: 80 shares of the stock and the price of each share is $40.
◍ variable expenses.
Answer: change from one period to another,examples Electricity and food
expenditures
◍ direct deposits.
Answer: money is generally deposited in their checking account sooner,
WITH CORRECT ANSWERS GRADED A+
◍ A woman has just received a very expensive piece of jewelry. The woman
has homeowner's insurance. Which statement would it be most appropriate
for her to make to her insurance agent?.
Answer: "I think I need a personal property floater."
◍ No insurance.
Answer: First get insurance against Losses resulting from an illness,
accident, or disability
◍ 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
◍ A pharmacy is to drugs as the American Stock Exchange is to:.
Answer: Securities
◍ Jami lost her debit card. She did not report it missing for 3 months. If an
unauthorized person used her debit card, her maximum liability is:.
Answer: Unlimited liability
◍ debt ratio.
Answer: calculated by dividing liabilities by net worth
◍ The information that a lender must disclose to consumers applying for a
cash loan is:.
Answer: The annual percentage rate (APR), and/or the finance charge
◍ After five years of owning a Roth Individual Retirement Account (IRA), a
person wants to buy his first home, the person can withdraw money from the
Roth IRA.
, Answer: tax and penalty free.
◍ Before the Kiss Corporation can issue stocks or bonds, it must register the
issue with:.
Answer: The Securities and Exchange Commission (SEC)
◍ The Securities and Exchange Commission SEC.
Answer: Before a company can raise capital by issuing stocks or bonds, it
must register the stock or bond issue with the
◍ A bank Certificate of Deposit is a:.
Answer: Savings instrument that requires a deposit for a period of time
during which there is a penalty for withdrawals
◍ get advice from your friends.
Answer: will help you the least in managing your money?
◍ Which is the best example of a way to reduce fees paid for ATM
transactions?.
Answer: When making supermarket purchases with a debit card, a person
adds $50 in cash to the transaction instead of using an ATM machine.
◍ The Securities and Exchange Commission SEC.
Answer: Agency created in 1934 that monitors the stock market and
enforces laws regulating sales of stocks and bonds
◍ An investor bought 40 shares of ABC corporation's stock at $80 a share.
Two weeks later, the investor receives notice that the corporation has
approved a 2-for-1 stock split. Based on this information, the investor would
own at the moment of the split.
Answer: 80 shares of the stock and the price of each share is $40.
◍ variable expenses.
Answer: change from one period to another,examples Electricity and food
expenditures
◍ direct deposits.
Answer: money is generally deposited in their checking account sooner,
