Wise Question and answers already passed 2024/2025
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Course
WISE
Institution
WISE
Wise Question and answers already passed 2024/2025 Wise
What might cause the price of a stock to change on a particular day?
A. The corporation's finance committee changes the stock price quarterly
B. Nothing. Prices are fixed at the time the stock is issued for sale to the public
C. The pr...
Wise
What might cause the price of a stock to change on a particular day?
A. The corporation's finance committee changes the stock price quarterly
B. Nothing. Prices are fixed at the time the stock is issued for sale to the
public
C. The president of the company declares an increase or decrease in the
price of the stock
D. The company announces it will release a new product - correct answer
✔D. The company announces it will release a new product
A rising rate of inflation is MOST difficult for people who are: *
A. Small business owners
B. Living on fixed incomes
C. Working in their jobs for less than five years
D. Paying off old fixed-rate loans - correct answer ✔B. Living on fixed
incomes
Which checking account term is correctly matched with its explanation? *
A. Bank Statement: a letter from the bank that informs a depositor of a change
in checking account interest
B. Endorsement: signature required on the back of a check in order for the
check to be cashed or deposited
C. Reconcile: changing the amount a person deposits in a savings account to
match the balance in a checking account
D. Overdraft: the difference between the amount due on a bill and the amount
of the check sent to pay the bill - correct answer ✔B. Endorsement:
signature required on the back of a check in order for the check to be cashed
or deposited
, When shopping for a budgeted and needed bathing suit, a person finds that
winter leather jackets are on sale for 50% off. The person has two good winter
jackets. In this case, which financial guideline should be used to determine
whether to purchase the jacket? *
A. Consumer should look for bargains as a way to make purchases
B. Merchandise bought on sale stretches available money
C. Impulse buying does not save money.
D. Buying items in the off season is a smart way to save money - correct
answer ✔C. Impulse buying does not save money.
What happens to the interest rate during the life of a 10-year bond that a
person purchased paying 6% interest? *
A. The interest rate decreases each year
B. The interest rate increases each year.
C. The interest rate changes when the bond is sold to another investor
D. The interest rate remains the same for the life of the bond - correct answer
✔D. The interest rate remains the same for the life of the bond
Why does a corporation issue bonds to the public? *
A. It wants to decrease the price of its stock
B. It wants to lend money
C. It wants to borrow money
D. It wants to increase the price of its stock - correct answer ✔C. It wants to
borrow money
Credit card companies have the legal right to: *
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