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Wise Practice Exam Answers Updated Questions and Answers (2024/2025) (Verified Answers)
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Wise Practice Exam Answers Updated Questions and Answers (2024/2025) (Verified Answers)
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Wise Practice Exam Answers.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Wise%20PractiWise Practice Exam Answers Actual
Questions & Answers Verified
1. If you have caused an accident, which type of automobile insurance would
cover damage to your own car?
Answer Collision
2. Matt and Eric are young men. Each has a good credit history.They work at
the same company and make approximately the same salary. Matt has
borrowed $6,000 to take a foreign vacation. Eric has borrowed $6,000 to buy a
car. Who is likely to pay the lowest finance charge?
Answer Eric will pay less because the car is collateral for the loan.
3. If you went to college and earned a 4-year degree, how much money could
you expect to earn than if you only had a high school diploma?
Answer a lot more; about 70% more.
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,Wise Practice Exam Answers.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Wise%20Practi
4. Many savings programs are protected by the Federal government against
loss. Which of the following is not?
Answer A bond issue by one of the 50 states
5. If each of the following persons had the same amount of take home pay, who
would need the greatest amount of life insurance?
Answer A young single woman with two young children.
6. Which of the following instruments in NOT typically associated with spend-
ing?
Answer Certificate of deposit
7. Which of the following credit card users is likely to pay the GREATEST dollar
amount in finance charges per year, if they all charge the same amount per year
on their cards?
Answer Jessica, who only pays the minimum amount each month.
8. Which of the following statements is true?
Answer Banks and other lenders share the credit history of their borrowers with each
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