Wise Test Review 50 questions and answers latest 2023
with complete solution
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
Both John and Maria
A factor that can cause the price of a stock to DECREASE is the company
lowering its expectations of future earnings.
A good financial goal should
be achievable in five years.
A landlord never received the rent check sent by the renter two weeks ago. What
is the first action the renter should take
Contact the bank to find out if the check was cashed.
A major reason that corporations issue stock is to
raise money to expand business activities.
A person has been contributing regularly to her company's 401(k) plan. She
decides to leave the company. It would be financially advisable for her to
move the money from the 401(k) plan into another qualified retirement plan
A person is looking at his budget to find ways to invest more money. It would be
best for him to
reduce this variable expenses.
A person may need to have liquid assets when
there is an emergency need for cash
A person receives $200 from an uncle for graduation. This money is considered
a gift.
A person wants to buy stock in McDonald's. Before buying the stock it is
important that the person consider the
company's potential for making money.
A person wants to open a bank account in his name. He will be required to give
the bank
a state or federal-issued picture identification.
A person's gross pay for this month is $4,000. Why should his monthly budget be
less than $4,000
Taxes are taken out of his gross pay, reducing the amount of money he takes home
A role of the Federal Reserve Bank (Fed) is to
influence interest rates.
A service that banks provide is
selling certificates of deposit (CDs).
A student is interested in becoming an engineer, for her a major advantage of
doing an unpaid internship at an engineering firm is having the opportunity to
learn about the profession from people in the company
An advantage of using a bank is that generally
its savings accounts are FDIC insured
with complete solution
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
Both John and Maria
A factor that can cause the price of a stock to DECREASE is the company
lowering its expectations of future earnings.
A good financial goal should
be achievable in five years.
A landlord never received the rent check sent by the renter two weeks ago. What
is the first action the renter should take
Contact the bank to find out if the check was cashed.
A major reason that corporations issue stock is to
raise money to expand business activities.
A person has been contributing regularly to her company's 401(k) plan. She
decides to leave the company. It would be financially advisable for her to
move the money from the 401(k) plan into another qualified retirement plan
A person is looking at his budget to find ways to invest more money. It would be
best for him to
reduce this variable expenses.
A person may need to have liquid assets when
there is an emergency need for cash
A person receives $200 from an uncle for graduation. This money is considered
a gift.
A person wants to buy stock in McDonald's. Before buying the stock it is
important that the person consider the
company's potential for making money.
A person wants to open a bank account in his name. He will be required to give
the bank
a state or federal-issued picture identification.
A person's gross pay for this month is $4,000. Why should his monthly budget be
less than $4,000
Taxes are taken out of his gross pay, reducing the amount of money he takes home
A role of the Federal Reserve Bank (Fed) is to
influence interest rates.
A service that banks provide is
selling certificates of deposit (CDs).
A student is interested in becoming an engineer, for her a major advantage of
doing an unpaid internship at an engineering firm is having the opportunity to
learn about the profession from people in the company
An advantage of using a bank is that generally
its savings accounts are FDIC insured
