WISE CERTIFICATION TEST 2026 EXAM
PREPARATION PACK KEY SAVINGS INVESTING
AND BUDGETING PRINCIPLES WITH SAMPLE
QUESTIONS
◉ Buying s treasury bill (T-bill) is best for investors who are looking
for Answer: A secure, low risk investment
◉ A pharmacy is to drugs as the American Stock Exchange is to:
Answer: Securities
◉ Before the Kiss Corporation can issue stocks or bonds, it must
register the issue with: Answer: The Securities and Exchange
Commission (SEC)
◉ A person owns a stock that pays a $2.00 a share dividend. If the
person chooses to reinvest that dividend, this means that the $2.00
will go toward buying Answer: More of the same stock
◉ To determine the time value of depositing $100 in a savings
account, a person needs to know the interest rate and Answer: The
rate of inflation
,◉ Lamar believes that interest rates are going to fall in the near
future and remain low for a considerable period of time. She should
invest in: Answer: A long-term, fixed rate certificate deposit
◉ Which investment would you choose today if you believe interest
rates will go up? Answer: Short-term savings instruments
◉ The Annual Percentage Rate (APR) is: Answer: The true cost of
credit that must be disclosed on a loan agreement
◉ The "Rule of 72" is an easy way to: Answer: Calculate how fast
your savings will double in value at given interest rates
◉ A person buys a flat screen plasma, theater-like tv. The person has
homeowners insurance. Why would it be appropriate to add a
personal property floater to that insurance. Answer: To cover the
cost of replacement should the tv get get damaged or stolen
◉ For the past 5 years, a person has had a $20,000 whole life
insurance policy that has a cash value clause. The person decides to
surrender the policy. At the time of the surrender, the person will
receive Answer: A calculated amount of money which includes the
premiums paid as well as the interest on that money
, ◉ A woman has just received a very expensive piece of jewelry. The
woman has homeowners insurance. Which statement would be
most appropriate for her to make to her insurance agent? Answer: "I
think I need a personal property floater."
◉ Mr. Akon's wife died. The money he received as the beneficiary on
her life insurance is called: Answer: Death benefit or face value
◉ Sally took out a $50,000 life insurance policy. The $50,000 amount
of coverage is called the: Answer: Death benefit or face value
◉ If a person makes a deposit of $10,000 or more into a bank
account, the bank must notify the Answer: US Treasury Department
◉ Financial services and products generally offered by banks and
credit unions include: Answer: Savings and loans
◉ When a person brings an item into a pawn shop to obtain cash,
the transaction is considered Answer: A collatorized loan
◉ What is meant by an uncollateralized loan Answer: A personal
loan without assets to cover the loan amount
PREPARATION PACK KEY SAVINGS INVESTING
AND BUDGETING PRINCIPLES WITH SAMPLE
QUESTIONS
◉ Buying s treasury bill (T-bill) is best for investors who are looking
for Answer: A secure, low risk investment
◉ A pharmacy is to drugs as the American Stock Exchange is to:
Answer: Securities
◉ Before the Kiss Corporation can issue stocks or bonds, it must
register the issue with: Answer: The Securities and Exchange
Commission (SEC)
◉ A person owns a stock that pays a $2.00 a share dividend. If the
person chooses to reinvest that dividend, this means that the $2.00
will go toward buying Answer: More of the same stock
◉ To determine the time value of depositing $100 in a savings
account, a person needs to know the interest rate and Answer: The
rate of inflation
,◉ Lamar believes that interest rates are going to fall in the near
future and remain low for a considerable period of time. She should
invest in: Answer: A long-term, fixed rate certificate deposit
◉ Which investment would you choose today if you believe interest
rates will go up? Answer: Short-term savings instruments
◉ The Annual Percentage Rate (APR) is: Answer: The true cost of
credit that must be disclosed on a loan agreement
◉ The "Rule of 72" is an easy way to: Answer: Calculate how fast
your savings will double in value at given interest rates
◉ A person buys a flat screen plasma, theater-like tv. The person has
homeowners insurance. Why would it be appropriate to add a
personal property floater to that insurance. Answer: To cover the
cost of replacement should the tv get get damaged or stolen
◉ For the past 5 years, a person has had a $20,000 whole life
insurance policy that has a cash value clause. The person decides to
surrender the policy. At the time of the surrender, the person will
receive Answer: A calculated amount of money which includes the
premiums paid as well as the interest on that money
, ◉ A woman has just received a very expensive piece of jewelry. The
woman has homeowners insurance. Which statement would be
most appropriate for her to make to her insurance agent? Answer: "I
think I need a personal property floater."
◉ Mr. Akon's wife died. The money he received as the beneficiary on
her life insurance is called: Answer: Death benefit or face value
◉ Sally took out a $50,000 life insurance policy. The $50,000 amount
of coverage is called the: Answer: Death benefit or face value
◉ If a person makes a deposit of $10,000 or more into a bank
account, the bank must notify the Answer: US Treasury Department
◉ Financial services and products generally offered by banks and
credit unions include: Answer: Savings and loans
◉ When a person brings an item into a pawn shop to obtain cash,
the transaction is considered Answer: A collatorized loan
◉ What is meant by an uncollateralized loan Answer: A personal
loan without assets to cover the loan amount
