Wise test Exam Questions With 100% Correct
Answers
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Monetary policy
To make sure you will always remember your automated teller machine (ATM) card personal
identification number (PIN), you should write the PIN and keep it:
In a secure place at home
Jami lost her debit card. She did not report it missing for 3 months. If an unauthorized person used
her debit card, her maximum liability is:
Unlimited liability
Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How
should he select a PIN that will give him maximum protection against anyone else being able to find
out what the PIN is?
Use a random selection of letters and numbers
Which statement best describes the relationship between a person's educational level and that
person's potential earning power?
A person with a professional degree is likely to earn at least four times as much per year as a person
who did not complete high school
Which statement is FALSE about most ATM (Automated Teller Machine) cards?
You can always get cash anywhere in the world with no fee.
When money is not used and goods and services are exchanged for other goods and services, this
system is called:
Barter
The common name for U.S. currency is:
Green backs
A type of electronic funds transfer (EFT) is:
An ATM transaction
Nora needed to make a long-distance call from a pay phone and did not have the cash. She was able
to make the call by using her:
Cash card
A cash card generally:
Is purchased with a specific amount of money that can be used to pay for goods or services
The primary sources of income for most people between the ages of 20 and 35 who are not living on a
pension or social security are:
Salaries, wages, and tips
Answers
Which of the following does the Federal Reserve use to regulate the nation's money supply?
Monetary policy
To make sure you will always remember your automated teller machine (ATM) card personal
identification number (PIN), you should write the PIN and keep it:
In a secure place at home
Jami lost her debit card. She did not report it missing for 3 months. If an unauthorized person used
her debit card, her maximum liability is:
Unlimited liability
Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How
should he select a PIN that will give him maximum protection against anyone else being able to find
out what the PIN is?
Use a random selection of letters and numbers
Which statement best describes the relationship between a person's educational level and that
person's potential earning power?
A person with a professional degree is likely to earn at least four times as much per year as a person
who did not complete high school
Which statement is FALSE about most ATM (Automated Teller Machine) cards?
You can always get cash anywhere in the world with no fee.
When money is not used and goods and services are exchanged for other goods and services, this
system is called:
Barter
The common name for U.S. currency is:
Green backs
A type of electronic funds transfer (EFT) is:
An ATM transaction
Nora needed to make a long-distance call from a pay phone and did not have the cash. She was able
to make the call by using her:
Cash card
A cash card generally:
Is purchased with a specific amount of money that can be used to pay for goods or services
The primary sources of income for most people between the ages of 20 and 35 who are not living on a
pension or social security are:
Salaries, wages, and tips
