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Wise Exam Review Questions And Verified Detailed Answers
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Wise Exam Review Questions And VerifiedDetailed Answers
The nickname for US currency is - Answer green backs
The sources of regular income for most individuals within the age bracket of 20-35 years
excluding those living on pension or social security are: - Answer Salaries, wages, and
tips
Which one of the following tools the Federal Reserve uses to control the money supply
of the nation? - Answer monetary policy
Scott has just received an ATM card that he will use and must decide on a PIN (Personal
Identification Number). How should he choose a PIN so as to maximize his protection
against anybody else being able to determine what it is? - Answer Employ a random
choice of letters and numbers
To be sure to recall your Automatic Teller Machine PIN To remember your Automated
Teller Machine PIN, write your PIN number and keep it: - Response in a safe place at
home
Cash in the United States includes: - Response Checking account balances on which
checks can be written
Which of the following statements best describes the relationship between a person's
level of education and that person's earning potential? -Answer A person with a
professional degree can expect to make at least four times per year as one who did not
finish high school
Which of the following is true about purchases made with your debit card? -Answer
, Debited immediately from your checking account
Nora wanted to call long-distance from a pay phone, but she didn't have any cash on her
person. Which one of the following could Nora have used to make the call? - Answer
cash card
Which of the following is commonly true of people who are financially literate? - Answer
they know the basics of personal finance and money management
An investor bought 40 shares of ABC corporation stock at $80 per share. Two weeks
later, the investor is informed that the ABC corporation has announced a 2-for-1 stock
split. Assuming this happens, based on this fact the investor would at that moment of
time own - Answer 80 shares of the stock and the price of each share is $40
David bought stock for $4,000 and after one year he sold the same stock for $1,000. The
sale resulted in a: - Answer capital loss
A drugstore is to drugs as the American Stock Exchange is to - Answer securities
What is the world's largest equities market? - Answer New York Stock Exchange (NYSE)
As an investment, a person decides to buy a small house that has three rental
apartments. The profits from this investment may be lower then expected if the - Answer
one of the apartments is not rented
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with: -
Answer the Securities and Exchange Commission (SEC)
Using a brokerage firm, an eligible investor buys 1000 shares of a common stock priced
at $50 each on 50% margin. That is, the - Answer brokerage firm is lending the investor
50% of the money.
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