WISE Financial Literacy Certification
PREDICTOR RETAKE 2025 Updated latest
update graded A RATED 100%
To qualify for a Federal Housing Administration (FHA) loan, a person must generally
C: fulfill income guidelines.
A high school student has begun to investigate the field of finance as a career choice. In deciding about
the field, the student should focus on which question first?
A: Will I find a balance between financial rewards and personal satisfaction from work?
.
A type of electronic funds transfer (EFT) is:
D: An ATM transaction
A company offers a defined-contribution pension plan which means that upon retirement the employee
will receive
B: the total amount of money contributed plus investment earnings.
The interest earned on United States Series EE Savings Bonds is
, A: exempt from state and local taxes.
Buying a treasury bill (T-bill) is best for investors who are looking for
B: a secure, low, risk investment.
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50%
margin. This means that the
C: brokerage firm is lending the investor 50% of the money
To determine the time value of depositing $100 in a savings account, a person needs to know the
interest rate and
B: the rate of inflation.
The amount a lender charges to borrow money is called the:
Correct Answer : D: Finance charge
The cost to use someone else's money for a period of time is called the:
A: Interest rate expressed as a percentage
PREDICTOR RETAKE 2025 Updated latest
update graded A RATED 100%
To qualify for a Federal Housing Administration (FHA) loan, a person must generally
C: fulfill income guidelines.
A high school student has begun to investigate the field of finance as a career choice. In deciding about
the field, the student should focus on which question first?
A: Will I find a balance between financial rewards and personal satisfaction from work?
.
A type of electronic funds transfer (EFT) is:
D: An ATM transaction
A company offers a defined-contribution pension plan which means that upon retirement the employee
will receive
B: the total amount of money contributed plus investment earnings.
The interest earned on United States Series EE Savings Bonds is
, A: exempt from state and local taxes.
Buying a treasury bill (T-bill) is best for investors who are looking for
B: a secure, low, risk investment.
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50%
margin. This means that the
C: brokerage firm is lending the investor 50% of the money
To determine the time value of depositing $100 in a savings account, a person needs to know the
interest rate and
B: the rate of inflation.
The amount a lender charges to borrow money is called the:
Correct Answer : D: Finance charge
The cost to use someone else's money for a period of time is called the:
A: Interest rate expressed as a percentage
