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[Show more]WISE Financial Literacy Certification 
Test Practice Study Guide. 
Sources of Income - answerWages, rentals, interest, capital, profit, investments, 
entrepreneurship 
Exemption (allowance) and how it works - answerAllowance is used to reduce amount of 
taxed income 
Liquidity - answerThe degree of ...
Preview 1 out of 4 pages
Add to cartWISE Financial Literacy Certification 
Test Practice Study Guide. 
Sources of Income - answerWages, rentals, interest, capital, profit, investments, 
entrepreneurship 
Exemption (allowance) and how it works - answerAllowance is used to reduce amount of 
taxed income 
Liquidity - answerThe degree of ...
WISE Test Exam Questions With Verified 
And Updated Solutions. 
One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets 
his monthly statement, he realizes that someone else has been using the card and reports it stolen. 
The maximum amount of unauthorized purcha...
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Add to cartWISE Test Exam Questions With Verified 
And Updated Solutions. 
One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets 
his monthly statement, he realizes that someone else has been using the card and reports it stolen. 
The maximum amount of unauthorized purcha...
Wise Test Review Exam Questions 
With Verified And Updated Solutions. 
1. When using a debit card what should you immediately do upon use? - answerRecord it in 
your checkbook register 
2. Why buy renter's insurance? - answerTo protect your belongings in case of fire or theft 
3. Why do you pay a l...
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Add to cartWise Test Review Exam Questions 
With Verified And Updated Solutions. 
1. When using a debit card what should you immediately do upon use? - answerRecord it in 
your checkbook register 
2. Why buy renter's insurance? - answerTo protect your belongings in case of fire or theft 
3. Why do you pay a l...
is to - answerraise money to expand business 
activities. 
A person has been contributing regularly to her company's 401(k) plan. She decides to leave the 
company. It would be financially advisable for her to - answermove the money from the 
401(k) plan into another qualified retirement plan 
A pe...
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Add to cartis to - answerraise money to expand business 
activities. 
A person has been contributing regularly to her company's 401(k) plan. She decides to leave the 
company. It would be financially advisable for her to - answermove the money from the 
401(k) plan into another qualified retirement plan 
A pe...
Wise Financial Literacy Vocab 
Job - answera position of employment with specific duties and compensation 
lease - answera written contract specifying the terms for the use of an asset and the legal 
responsibilities of both parties to the agreement, such as a landlord and tenant 
liability - answer...
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Add to cartWise Financial Literacy Vocab 
Job - answera position of employment with specific duties and compensation 
lease - answera written contract specifying the terms for the use of an asset and the legal 
responsibilities of both parties to the agreement, such as a landlord and tenant 
liability - answer...
WISE financial literacy test Study Guide. 
Earned income - answerIncome derived from active participation in a trade or business, 
including wages, salary, tips, commissions and bonuses. 
unearned income - answerAny income that comes from investments and other sources 
unrelated to employment servic...
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Add to cartWISE financial literacy test Study Guide. 
Earned income - answerIncome derived from active participation in a trade or business, 
including wages, salary, tips, commissions and bonuses. 
unearned income - answerAny income that comes from investments and other sources 
unrelated to employment servic...
Wise Financial Literacy Test Exam 
Questions With Verified And Updated 
Solutions. 
If you have a whole life insurance policy with a cash surrender value, and you surrender the 
policy, what will you receive? - answera calculated amount of money which includes part of 
the premiums paid as well as t...
Preview 1 out of 3 pages
Add to cartWise Financial Literacy Test Exam 
Questions With Verified And Updated 
Solutions. 
If you have a whole life insurance policy with a cash surrender value, and you surrender the 
policy, what will you receive? - answera calculated amount of money which includes part of 
the premiums paid as well as t...
Wise Financial Literacy Test Exam 
Questions With Verified And Updated 
Solutions. 
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the: - 
answerUS Treasury Department 
The most liquid type of investment is: - answerA money market account. 
He financial inst...
Preview 1 out of 4 pages
Add to cartWise Financial Literacy Test Exam 
Questions With Verified And Updated 
Solutions. 
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the: - 
answerUS Treasury Department 
The most liquid type of investment is: - answerA money market account. 
He financial inst...
WISE Financial Literacy Test terms 
Sources of income - answerwages, rentals, interest, capital, profits, investments, 
entrepreneurship 
exemption - answeralso called allowance: used to reduce amount of taxed income 
liquidity - answerthe degree of ease in which assets can be sold 
gift cards - ans...
Preview 2 out of 5 pages
Add to cartWISE Financial Literacy Test terms 
Sources of income - answerwages, rentals, interest, capital, profits, investments, 
entrepreneurship 
exemption - answeralso called allowance: used to reduce amount of taxed income 
liquidity - answerthe degree of ease in which assets can be sold 
gift cards - ans...
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