Wise Practice Test Exam Questions With
100% Correct Answers 2024/2025
For the past five years, a person has had a $20000 whole life insurance policy that has a cash value
clause. The person decides to surrender the policy. At the time of surrender, the person will receive
A calculated amount who includes the premiums paid as well as the interest on that money.
A person buys a flat screen, plasma, theater-like television. There person has homeowner's insurance.
Why would it be appropriate to add a personal property floater to that insurance?
To cover the cost of replacement should the television get damaged or stolen
A woman has just received a very expensive piece of jewelr. The woman has HI. Which type of
insurance would it be most appropriate for her to make to her insurance agent?
"I think I need a person property floater"
Debbie owns a clothing store. She is concerned that co=ustomer who is injured i tn the store will sue.
Which type of insurance should debbie purchase?
Liability insurance
Lucy has no insurance. The situations she should consider insuring against first are:
Losses resulting from an illness, accident,t or disability
If a person makes a deposit of $10000 or more into a bank account, the bank must notify the
US treasury department
Which financial product has the most predictable income
Certificate of Deposit
Travelers checks often use for vacations
Function as cash and are easily replaced if lost
The National Credit Union Admin insures accounts in
Credit unions
A teenage boy has opened a checking account. He is surprised to find that through he is getting a
written bank statement each month he is not getting his cancelled checks returned. The teenager
should be aware that the reason cancelled checks are not returned is to
save the bank money associated with returning copies of these checks
Which financial product can you buy for $25 is safe and will be worth $50 at a future date
Series EE savings bond
A blank endorsement on a check
Creates a check that can be cashed by anyone
100% Correct Answers 2024/2025
For the past five years, a person has had a $20000 whole life insurance policy that has a cash value
clause. The person decides to surrender the policy. At the time of surrender, the person will receive
A calculated amount who includes the premiums paid as well as the interest on that money.
A person buys a flat screen, plasma, theater-like television. There person has homeowner's insurance.
Why would it be appropriate to add a personal property floater to that insurance?
To cover the cost of replacement should the television get damaged or stolen
A woman has just received a very expensive piece of jewelr. The woman has HI. Which type of
insurance would it be most appropriate for her to make to her insurance agent?
"I think I need a person property floater"
Debbie owns a clothing store. She is concerned that co=ustomer who is injured i tn the store will sue.
Which type of insurance should debbie purchase?
Liability insurance
Lucy has no insurance. The situations she should consider insuring against first are:
Losses resulting from an illness, accident,t or disability
If a person makes a deposit of $10000 or more into a bank account, the bank must notify the
US treasury department
Which financial product has the most predictable income
Certificate of Deposit
Travelers checks often use for vacations
Function as cash and are easily replaced if lost
The National Credit Union Admin insures accounts in
Credit unions
A teenage boy has opened a checking account. He is surprised to find that through he is getting a
written bank statement each month he is not getting his cancelled checks returned. The teenager
should be aware that the reason cancelled checks are not returned is to
save the bank money associated with returning copies of these checks
Which financial product can you buy for $25 is safe and will be worth $50 at a future date
Series EE savings bond
A blank endorsement on a check
Creates a check that can be cashed by anyone
