Study guides, Class notes & Summaries

WISE TEST QUESTIONS & ANSWERS 2024 In order to get spending under control, a person should first A. seek help on investing from a financial planner. B. consult a credit counseling service. C. create a budget of current income and expenses. D. subscribe to financial newsletters and magazines. - ANSWER-C Comparison shopping for a car is necessary because A. each dealer sells cars with different colors. B. lenders want to be sure consumers get the best price. C. the price for the car...

Wise Exam Tested Questions With Revised Correct Answers > Updated & Passed < Which of the following does the Federal Reserve use to regulate the nation's money supply? - ANSWER : 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: - ANSWER : In a secure place at home Jami lost her debit card. She did not report it missing for 3 months. If an unauthorized...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < An individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. The net worth of this individual is - ANSWER : $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the - ANSWER : purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover mo...

Wise Practice Exam Tested Questions With Revised Correct Answers > Updated & Passed < One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of unauthorized purchases he is liable for is: - ANSWER : $50 Consumers who file for bankruptcy are still responsible for: - ANSWER : Tax claims and student loans Which of the...

Wise Practice Exam Tested Questions With Revised Correct Answers > Updated & Passed < Which statement is FALSE about most ATM (Automated Teller Machine) cards? - ANSWER : You can always get cash anywhere in the world with no fee. You must have a bank account to have an ATM card because the ATM card is used to electronically make deposits into, withdrawals from, or get information concerning your bank balance at an ATM 24 hours a day, seven days a week. If you use an ATM...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < Which of the following does the Federal Reserve use to regulate the nation's money supply? - ANSWER : C: Monetary policy reasons:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the U.S. economy. In theory, if there is too little money in circulation, consumers will spend les...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < Budget variance. - ANSWER : the difference between the budgeted amount and the actual amount that you spend Debt ratio - ANSWER : shows the relationship between debt and net worth. Debt ratio - ANSWER : The lower the ratio the better off financially the person is. Debt ratio - ANSWER : calculated by dividing liabilities by net worth Excise tax - ANSWER : government imposes a tax on specific g...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally responsible for paying the $100 - ANSWER : Both John and Maria A factor that can cause the price of a stock to DECREASE is the company - ANSWER : lowering its expectations of future earnings. A good financial goal should - ANSWER : be achievable in fi...

Wise Practice Test Review questions and answers A+ score assured 2024/2025

Insurance Wise Test Practice questions and answers A+ score assured 2024/2025

WISE Certification Study Guide questions and answers A+ score assured 2024/2025