Wise Bundled Exams Questions and Answers Multiple Versions Latest Updates (2024/2025) (Complete, Accurate, and Verified)

Wise 50?’s Practice test 1 Questions and Answers Rated A+ NB: Answers appear at the top of questions and are highlighted in yellow US Treasury Department If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the National Credit Union Association (NCUA) insures...

Wise Review-Banking Questions and Answers Rated A+ accountant a person whose job is to keep or inspect financial accounts. ATM card is a bank card used to access an ATM. People who have a checking account also have a card that can be used at an ATM, like a debit card. Automatic Draft is a service ...

Personal Finance WISE Test questions and answers already passed If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the: US Treasury Department The term used to describe the ease and speed with which you can convert savings or an investment to cash is: Liquidit...

WISE Vocabulary Latest 2022/2023 Graded A+ Budget (Noun) A plan for managing income and expenses (Verb) To plan or to manage income and expenses Income Earnings or payment received for resources provided such as labor Expenses Costs incurred or the spending of money Fixed Expenses Expenses or amo...

Economics and Personal Finance Wise Test Practice With Complete Solutions What should you check on a $200 gift card before using it? Review the terms or packaging for details on any inactivity fees. When assessing credit card offers, what is the key factor to consider? The annual percentage...

INSURANCE REVIEW FOR WISE LATEST UPDATE GRADED A+ What does the term “deductible” signify in an insurance policy? The amount you must pay before the insurer starts covering your claim. Who qualifies as a “beneficiary” in the context of an insurance plan or will? The person designa...

WISE Study Guide Questions and Answers Rated A+ What method does the Federal Reserve employ to control the nation's money flow? Monetary policy If Nora needed to place a long-distance call but had no cash, which method allowed her to make the call? Using her credit card Which examp...

WISE-Money Management/Financial Plan Questions and Answers 100% Pass What is a 401(k) plan? A 401(k) is a tax-deferred savings and investment plan designed to serve as a personal retirement fund for employees. What constitutes an asset? An asset is anything valuable that an individual or...

WISE Review – Investing Questions and Answers 100% Pass What characterizes a Bear Market? A. An extended period where stock prices are rising and investors feel optimistic B. A short-term trend of fluctuating stock prices C. An extended period marked by falling stock prices and widespread...

Personal Finance WISE Test Questions and Answers Already Passed What does inflation refer to? A. The decrease in prices of goods and services B. The level of income received from investments C. The rise in the general price level of goods and services D. The amount of interest earned on ...

Wise Test Questions and Answers Already Passed How does an exemption (or allowance) function in reducing taxable income? A. It increases the taxable income amount B. It directly reduces the total income tax owed C. It subtracts a portion of the income to lower the taxable amount D. It post...

WISE Certification Study Guide Questions with Verified Answers If a house catches fire, which insurance is most likely to cover the damages? A: Auto insurance B: Life insurance C: Health insurance D: Home insurance D: Home insurance --- What typically happens to a company's sto...

Wise Certification Test Questions and Answers 100% Pass Question: If Margaret needs to securely store her valuable coin collection and important documents, what is the recommended method? - A: Use a home security safe - B: Lease a safe deposit box from a bank - C: Hide them in a secure d...

Wise Questions and Answers with Complete Solutions Question: What could cause a stock’s value to fluctuate on a given day? - A: The company’s board of directors adjusts the stock’s value quarterly - B: Stock prices are fixed once the stock is initially offered to the market - C: The...

WISE Latest Update with Complete Solutions What term describes a plan for overseeing financial inflows and expenditures? A budget What does income refer to in financial terms? Income is the compensation or earnings received in exchange for labor or other resources. How would you defi...

Economics Wise Test Latest Version Graded A+ What is an exemption in tax terms? A deduction permitted by law that decreases the amount of income subject to taxation. How would you define discretionary income? The portion of income remaining for spending after all necessary expenses have b...

THE ULTIMATE WISE TEST REVIEW QUESTIONS WITH COMPLETE SOLUTIONS What term describes the cost associated with borrowing funds? Interest What is the term for the highest balance you are allowed to maintain on a credit card? Credit limit What type of fee might some credit card companies ...

Wise Practice Test 1 50 Questions and Answers 100% Pass When someone deposits at least $10,000 into their bank account, which government agency must be informed? US Treasury Department Which organization guarantees up to $100,000 per depositor in a single credit union? National Credit ...

Wise Practice Exam Questions and Answers Rated A+ If you are responsible for an accident, what type of auto insurance covers damage to your own vehicle? Collision Eric and Matt are young individuals with good credit histories. They both work at the same company and earn similar salarie...

Wise Test Vocabulary Study Guide Rated A+ A fixed annual amount that an insured person must cover before their insurance company pays out a claim is called: Annual Deductible. This is the yearly amount or percentage that the insured must pay out-of- pocket, which the insurer will subtract...

Economic and Personal finance WISE Test Questions and Answers Already Passed If someone deposits at least $10,000 into their bank account, the bank is required to inform the: US Treasury Department Which account type offers the highest liquidity? Money market account What happens when...

Wise Practice Test Credit Questions and Answers Already Passed When an individual declares bankruptcy, how long will this information remain on their credit report? The record will stay on their credit report for a decade. If someone has multiple credit cards with substantial unpaid balan...

Wise Test Questions and Answers 100% Pass If a person earns $36,000 annually, owns assets worth $156,000, and has liabilities totaling $85,000, what is their net worth? Their net worth is $71,000. (Net Worth = Assets - Liabilities) When evaluating renters insurance, what should be underst...

WISE Test VA (Part 1) Questions and Answers 100% Correct Economics is: The exploration of how individuals make choices regarding their desires and the amount they are willing to spend to obtain them. Scarcity is: The condition where the demand for something exceeds the available supply...

Personal Finance WISE Test Questions and Answers Rated A+ If an individual deposits $10,000 or more into a bank account, the bank is required to inform the: US Treasury Department The term that describes how easily and quickly you can convert an investment or savings into cash is: Liqu...

WISE Practice Test Questions and Answers with Verified Solutions To be eligible for a Federal Housing Administration (FHA) loan, what must an individual typically meet? - Have at least a high school diploma - Provide a down-payment amounting to 25% of the home's cost - Meet specific income ...

WISE Review Questions and Answers 100% Pass Types of income sources include: earnings from employment presents or donations benefits provided by the government profits from investments An exemption is defined as: a legal allowance to lower the amount of income subject to taxation...

Wise Test Questions and Answers Already Graded A For what type of expense is borrowing typically considered wise? - An asset that appreciates in value over time - A short-term necessity - An immediate luxury - Routine monthly bills Why is the interest rate for a car loan usually lower ...

Wise Test Review - 50 Questions with Complete Solutions John and Maria Davis both have a credit card under their names. This month, John spends $100, while Maria makes no purchases. When the statement arrives, who is legally obligated to pay the $100 charge? - Only John - Only Maria - Nei...

Wise Practice Test Questions and Answers Graded A+ What does "budget variance" refer to? It represents the difference between the amount planned for a budget and the actual expenditure. How is the debt ratio defined? It illustrates the proportion of debt relative to an individual'...

WISE TEST QUESTIONS AND ANSWERS GRADED A+ To manage spending effectively, what is the initial step you should take? - Seek advice from a financial advisor. - Consult a credit counseling service for guidance. - Develop a budget that outlines your current income and expenses. - Sign up fo...

Wise Test Review All Topics Questions And Answers Rated A+ What term describes assets used to secure a loan? Collateral Which factor assesses your ability to repay a loan based on your available funds? Capacity What term refers to the overall value of money and property owned by an...

WISE Test Questions and Answers Already Passed If Andre discovers that one of his infrequently used credit cards has been stolen and misused, and he reports it only after seeing the fraudulent charges on his statement, what is the most he would be responsible for? $50 After declaring ba...

Wise Test Questions and Answers Already Passed What type of transaction occurs when someone uses a pawnshop to get immediate cash for an item? This is known as a secured loan where the item serves as collateral. For someone to qualify for an FHA mortgage, what is usually required? Th...

Banking Wise Practice Test Questions with Verified Solutions What must a bank do when a deposit of $10,000 or more is made? Report the transaction to the US Treasury Department. This measure helps monitor large sums and ensure they are not from untaxed or illegal activities. Which organization ...