WISE Certification Study Guide Questions with complete solution 2024/2025
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Course
WISE
Institution
WISE
WISE Certification Study Guide Questions with complete solution 2024/2025 WISE Certification Study Guide
If a fire happens to someone's house, what type of insurance will pay for the damage most likely? - correct answer Home insurance
If a corporation was sued and lost a major lawsuit, what...
WISE Certification Study Guide
If a fire happens to someone's house, what type of insurance will pay for the
damage most likely? - correct answer ✔Home insurance
If a corporation was sued and lost a major lawsuit, what will happen to the
price of their stock? - correct answer ✔Price of stock increases
Why is a stock characterized as a "growth" stock? - correct answer ✔The
corporation is expected to increase significantly in revenues and earnings.
An example of a long-term investment is: - correct answer ✔Investing in
mutual funds
A person is using a $25 gift card for the first time. The balance left to use on
the card is now $23. What is the reason for the reduced available amount? -
correct answer ✔Inactivity fee
T/F....Debit card puchases should be recorded in a checkbook register. -
correct answer ✔True
Why does the government tax cigarettes? - correct answer ✔Increase
revenue and stop people from smoking
Roy Williams has $1,000 to invest. He is thinking that interest rates or rates of
return will increase during the year. What should he buy? - correct answer
✔He should buy a certificate of deposit that is will mature either in 3 months, 6
months or a year.
, When buying stock, what should you be aware of? - correct answer ✔if the
price of the stock will go up or down.
Why would people be warned against taking payday loans? - correct answer
✔People get trapped into re-borrowing over and over again.
What should be included when writing a will? - correct answer
✔Beneficiaries
What is a benefit of paying bills automatically from a bank account? - correct
answer ✔Bills are paid on time
What is the purpose of renters insurance? - correct answer ✔Protect
property
As it relates to a budget, what is a surplus? - correct answer ✔Money that is
left over once all expenses are budgeted.
How can a person build wealth for the future? - correct answer ✔Put money
into savings and invest money
T/F....There is typically a fee for stop payments on checks. - correct answer
✔True
When looking at a credit report, how do you calculate what a person owes? -
correct answer ✔Looking at a credit report and giving what a person owes by
adding the current balance on each card.
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