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WISE Certification Study Guide Updated Questions and Answers (2024/2025) (Verified Answers)
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WISE Certification Study Guide Updated Questions and Answers (2024/2025) (Verified Answers)
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WISE Certification Study Guide.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/WISE%20CertifiWISE Certification Study Guide
Questions & Answers
1. If a fire happens to someone's house, what type of insurance will pay for the
damage most likely?
Answer Home insurance
2. If a corporation was sued and lost a major lawsuit, what will happen to the
price of their stock?
Answer Price of stock increases
3. Why is a stock characterized as a "growth" stock?
Answer The corporation is expect-ed to increase significantly in revenues and
earnings.
4. An example of a long-term investment is
Answer Investing in mutual funds
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,WISE Certification Study Guide.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/WISE%20Certifi
5. 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?
Answer Inactivity fee
6. T/F...Debit card puchases should be recorded in a checkbook register.
Answer True
7. Why does the government tax cigarettes?
Answer Increase revenue and stop peoplefrom smoking
8. Roy Williams has $1,000 to invest. He is thinking that interest rates or ratesof
return will increase during the year. What should he buy?
Answer He should buy acertificate of deposit that is will mature either in 3 months, 6
months or a year.
9. When buying stock, what should you be aware of?
Answer if the price of the stock willgo up or down.
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