Wise Test Questions with 100% Correct Answers
A company offers a defined-contribution pension plan which means that upon retirement the employee will receive - Answer- the total amount of money contributed plus investment earnings.
After five years of owning a Roth Individual Retirement Accoun...
Wise Test Questions with
100% Correct Answers
A company offers a defined-contribution pension plan which means that upon retirement
the employee will receive - Answer- the total amount of money contributed plus
investment earnings.
After five years of owning a Roth Individual Retirement Account (IRA), a person wants
to buy his first home, the person can withdraw money from the Roth IRA - Answer- tax
and penalty free.
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with: -
Answer- The Securities and Exchange Commission (SEC)
What is the largest equities market in the world? - Answer- New York Stock Exchange
(NYSE)
A pharmacy is to drugs as the American Stock Exchange is to: - Answer- Securities
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 - Answer- brokerage firm is lending the
investor 50% of the money.
An investor bought 40 shares of ABC corporation's stock at $80 a share. Two weeks
later, the investor receives notice that the corporation has approved a 2-for-1 stock split.
Based on this information, the investor would own at the moment of the split - Answer-
80 shares of the stock and the price of each share is $40.
To determine the time value of depositing $100 in a savings account, a person needs to
know the interest rate and - Answer- the rate of inflation.
The "Rule of 72" is an easy way to: - Answer- Calculate how fast your savings will
double in value at given interest rates
The information that a lender must disclose to consumers applying for a cash loan is: -
Answer- The annual percentage rate (APR), and/or the finance charge
Interest earned on interest is known as: - Answer- Compounded interest
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