WISE TEST LATEST REAL EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED
ANSWERS) AGRADE.
It is usually a good idea to borrow for? - ANSWER
>>>>something that increase in value over time
A person generally pays a lower interest rate on a car loan
than on a personal loan because the? - ANSWER >>>>car is
collateral for the loan
The federal reserve system (FED) helps protect depositors
and its member banks by setting? - ANSWER
>>>>requirements as to the amount of money a member bank
must have a deposit
The reason that a person should AVOID making a check
payable to "cash" is that? - ANSWER >>>>anyone can cash
the check if it is stolen
The government taxes cigarettes in order to raise revenue
and to? - ANSWER >>>>discourage smoking
A person refuses to open a savings account because he
worries that the bank will fail and he will lose all of his money.
What does this person need to know? - ANSWER
>>>>accounts at the Federal Deposit Insurance Corporation
(FDIC) member banks are insured up to $250,000
, What is a good strategy to build wealth for the future? -
ANSWER >>>>Deposit money into both savings and
investment accounts each month
When applying for a loan, the higher a person's credit
score/rating the? - ANSWER >>>>lower the interest rate will
be for the loan
What needs to be included in a will? - ANSWER >>>>the
names of beneficiaries
The reason corporations issue bonds is to? - ANSWER
>>>>Borrow money from investors
A person should consider paying her monthly bills
automatically from her checking account because it? -
ANSWER >>>>makes it easier to pay the bills on time each
month
A person generally spends $100 a month on groceries. If this
ears inflation rate is 5%, the person can expect to? -
ANSWER >>>>spend more for the same amount of groceries
Why does a person renting an apartment buy renters
insurance? - ANSWER >>>>to protect her personal property
in case of fire or theft
Joe Blow, who is financially supporting his 10 year old
daughter, is able to reduce the amount of tax taken out of his
salary by claiming his daughter as a? - ANSWER
>>>>Dependent
AND CORRECT ANSWERS (VERIFIED
ANSWERS) AGRADE.
It is usually a good idea to borrow for? - ANSWER
>>>>something that increase in value over time
A person generally pays a lower interest rate on a car loan
than on a personal loan because the? - ANSWER >>>>car is
collateral for the loan
The federal reserve system (FED) helps protect depositors
and its member banks by setting? - ANSWER
>>>>requirements as to the amount of money a member bank
must have a deposit
The reason that a person should AVOID making a check
payable to "cash" is that? - ANSWER >>>>anyone can cash
the check if it is stolen
The government taxes cigarettes in order to raise revenue
and to? - ANSWER >>>>discourage smoking
A person refuses to open a savings account because he
worries that the bank will fail and he will lose all of his money.
What does this person need to know? - ANSWER
>>>>accounts at the Federal Deposit Insurance Corporation
(FDIC) member banks are insured up to $250,000
, What is a good strategy to build wealth for the future? -
ANSWER >>>>Deposit money into both savings and
investment accounts each month
When applying for a loan, the higher a person's credit
score/rating the? - ANSWER >>>>lower the interest rate will
be for the loan
What needs to be included in a will? - ANSWER >>>>the
names of beneficiaries
The reason corporations issue bonds is to? - ANSWER
>>>>Borrow money from investors
A person should consider paying her monthly bills
automatically from her checking account because it? -
ANSWER >>>>makes it easier to pay the bills on time each
month
A person generally spends $100 a month on groceries. If this
ears inflation rate is 5%, the person can expect to? -
ANSWER >>>>spend more for the same amount of groceries
Why does a person renting an apartment buy renters
insurance? - ANSWER >>>>to protect her personal property
in case of fire or theft
Joe Blow, who is financially supporting his 10 year old
daughter, is able to reduce the amount of tax taken out of his
salary by claiming his daughter as a? - ANSWER
>>>>Dependent
