wise test Question and answers verified to pass 2024/2025
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Course
WISE
Institution
WISE
wise test Question and answers verified to pass 2024/2025 wise test
which type of financial institution usually pays the highest interest rate on saving account balances? - correct answer credit union
a person who is planning to retire can receive income from all following sources except?...
wise test
which type of financial institution usually pays the highest interest rate on
saving account balances? - correct answer ✔credit union
a person who is planning to retire can receive income from all following
sources except? - correct answer ✔term life insurance
the cash value on a whole life insurance policy is? - correct answer ✔the
savings portion of the policy
a person has 300 a month transferred from his checking acct to a creditor to
make a loan payment. This is an ex of? - correct answer ✔electric funds
transfer (EFT)
current events covered in the news and media may have an impact on the? -
correct answer ✔price of securities
a correct statement about financial planning is that it is - correct answer ✔a
process of creating an outline or guide of what can be done to achieve
financial goals
a person who wants money to be FIDC insured will probably deposit the
money in a - correct answer ✔CD certificate of deposit at a bank
which financial product typically pays the highest rate of interest - correct
answer ✔certificate of deposit
, a person who has a bank safe deposit box should use it to store - correct
answer ✔title to a car
Susan gives Marie her credit union debit card and personal id number(pin) so
she can withdraw $25. Marie withdrew 100 instead of 25 how can susan get
the $75 back - correct answer ✔she cant because she gave her the atm card
and pin number
a benefit of opting in for overdraft protection service on a checking acct is that
the - correct answer ✔bank will pay a check when the acct holder has
insufficient funds
which financial product is guranteed to be worth more in future - correct
answer ✔certificate of deposit
a computer scam that uses spam or pop up messages to deceive consumers
into disclosing their card numbers, bank acct info, ssn, psws, or other
personal info - correct answer ✔phishing
using someone else's money, promising to repay at a future date, and paying
a fee for use of the money - correct answer ✔credit
an arrangement to receive cash, goods, or services now and pay for them in
the future is - correct answer ✔credit
which about most student loans are true - correct answer ✔payments for
student loans must begin 6 mths after graduation from college
negative info on a credit report will - correct answer ✔be on the credit report
for seven yrs
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