Wise latest Questions and Answers
Practice test 1.
a good reason to have a credit card is that it allows the person to - -not have to carry
large amounts of cash
-uses his bank ATM card at his local grocery store's ATM that charges a 3.00 fee for
each transaction. he uses this ATM machine sometimes a month. This practice should
be - -no because the person is spending money unnecessarily and increasing the chance
of identity theft
-companies are likely to place drivers in the "assigned risk pool" if they over age 65 - -
have several recent accidents
-rosario hill's loan payment will be received by the bank on june therefore the correct
payment is - -342.56
-which dollar amount shown on the statement will definitley .... rosario hill makes her
monthly payment? - -late charges
-based on this statement, how much interest has Rosario loan this year? - -932.27
-This girl saw an error when reviewing her credit report. What should she do? - -send
the error to her creditors
-identity theft a person should not provide his social security number over the phone
unless - -the call to the organization where he has an account
-how can a person improve their credit score - -pay the amount he owes on his credit
cards
-uses a debit card to make a purchase, the amount of the purchase is - -from the
person's bank account balance at the time of the sale
-been contributing regularly to her company's 401k plan . she decides to leave the
company. it would be financially advisable. - -the money from the 401k plan and use it
as an emergency fund
-applying for a 20 year old bank mortgage in order to purchase a house. When will this
person become the sole owner of the home. - -the mortgage payments have been made
-individuals and corporations contribute so generously to charitable organizations? - -
charitable organizations raise credit scores
-for owning rather then renting a home is that owning a home usually - -tax deductions
and builds financial equity
Practice test 1.
a good reason to have a credit card is that it allows the person to - -not have to carry
large amounts of cash
-uses his bank ATM card at his local grocery store's ATM that charges a 3.00 fee for
each transaction. he uses this ATM machine sometimes a month. This practice should
be - -no because the person is spending money unnecessarily and increasing the chance
of identity theft
-companies are likely to place drivers in the "assigned risk pool" if they over age 65 - -
have several recent accidents
-rosario hill's loan payment will be received by the bank on june therefore the correct
payment is - -342.56
-which dollar amount shown on the statement will definitley .... rosario hill makes her
monthly payment? - -late charges
-based on this statement, how much interest has Rosario loan this year? - -932.27
-This girl saw an error when reviewing her credit report. What should she do? - -send
the error to her creditors
-identity theft a person should not provide his social security number over the phone
unless - -the call to the organization where he has an account
-how can a person improve their credit score - -pay the amount he owes on his credit
cards
-uses a debit card to make a purchase, the amount of the purchase is - -from the
person's bank account balance at the time of the sale
-been contributing regularly to her company's 401k plan . she decides to leave the
company. it would be financially advisable. - -the money from the 401k plan and use it
as an emergency fund
-applying for a 20 year old bank mortgage in order to purchase a house. When will this
person become the sole owner of the home. - -the mortgage payments have been made
-individuals and corporations contribute so generously to charitable organizations? - -
charitable organizations raise credit scores
-for owning rather then renting a home is that owning a home usually - -tax deductions
and builds financial equity
