WISE TEST PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ Direct Competitors.
Answer: Companies that offer basically the same product
◍ What is the purpose of having a budget?.
Answer: It helps a person avoid debt and have money for savings or
investing.
◍ Economy.
Answer: System of trade
◍ The United States Treasury Department changes the appearance of the
country's currency in order to.
Answer: prevent hi-tech counterfeiting.
◍ A person wants to buy stock in McDonald's. Before buying the stock it is
important that the person consider the.
Answer: company's potential for making money.
◍ A good financial goal should.
Answer: be achievable in five years.
◍ Economics.
Answer: Is the study of how people decide what they want and what they are
willing to pay in order to get it
◍ A major reason that corporations issue stock is to.
Answer: raise money to expand business activities.
◍ land.
Answer: not just the surface of earth, but everything in the universe that
wasn't created by people
, ◍ Citizens.
Answer: People living in a country
◍ When a credit card company increases a person's line of credit, it may.
Answer: encourage the person to use that credit card to by more than he can
afford
◍ The amount of money a person owes compared to the total of her spending
limit allowed on her credit card is known as the.
Answer: debt to credit ratio
◍ What is a credit card cash advance?.
Answer: A loan from a person's credit card company.
◍ An advantage of using a bank is that generally.
Answer: its savings accounts are FDIC insured
◍ When investors decide to buy mutual funds, they are usually trying to
diversity their investments by.
Answer: investing in a combination of stocks and/or bonds rather than a
single stock and/or bond.
◍ The DISADVANTAGE of taking a loan for the maximum number of years
allowed is that the longer the period of time of the loan, the greater the.
Answer: total cost of the loan
◍ The interest rates for loans at credit unions are generally.
Answer: lower.
◍ A credit card is issued to John and Maria Davis. This month, John charges
$100 and Maria makes no charges. When the bill is received who is legally
responsible for paying the $100.
Answer: Both John and Maria
◍ Personal finance.
Answer: Is the way you manage your own money and the things you own
◍ By consumer.
QUESTIONS WITH ANSWERS GRADED A+
◍ Direct Competitors.
Answer: Companies that offer basically the same product
◍ What is the purpose of having a budget?.
Answer: It helps a person avoid debt and have money for savings or
investing.
◍ Economy.
Answer: System of trade
◍ The United States Treasury Department changes the appearance of the
country's currency in order to.
Answer: prevent hi-tech counterfeiting.
◍ A person wants to buy stock in McDonald's. Before buying the stock it is
important that the person consider the.
Answer: company's potential for making money.
◍ A good financial goal should.
Answer: be achievable in five years.
◍ Economics.
Answer: Is the study of how people decide what they want and what they are
willing to pay in order to get it
◍ A major reason that corporations issue stock is to.
Answer: raise money to expand business activities.
◍ land.
Answer: not just the surface of earth, but everything in the universe that
wasn't created by people
, ◍ Citizens.
Answer: People living in a country
◍ When a credit card company increases a person's line of credit, it may.
Answer: encourage the person to use that credit card to by more than he can
afford
◍ The amount of money a person owes compared to the total of her spending
limit allowed on her credit card is known as the.
Answer: debt to credit ratio
◍ What is a credit card cash advance?.
Answer: A loan from a person's credit card company.
◍ An advantage of using a bank is that generally.
Answer: its savings accounts are FDIC insured
◍ When investors decide to buy mutual funds, they are usually trying to
diversity their investments by.
Answer: investing in a combination of stocks and/or bonds rather than a
single stock and/or bond.
◍ The DISADVANTAGE of taking a loan for the maximum number of years
allowed is that the longer the period of time of the loan, the greater the.
Answer: total cost of the loan
◍ The interest rates for loans at credit unions are generally.
Answer: lower.
◍ A credit card is issued to John and Maria Davis. This month, John charges
$100 and Maria makes no charges. When the bill is received who is legally
responsible for paying the $100.
Answer: Both John and Maria
◍ Personal finance.
Answer: Is the way you manage your own money and the things you own
◍ By consumer.
