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Wise Exam Review Questions And Answers Latest Updated
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Wise Exam Review Questions And Answers Latest Updated
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Wise Exam Review Questions And AnswersLatest Updated
The common name for US currency is ANS✔✔ green backs
The primary sources of income for most people between the ages of 20 and 35 who are not living on a
pension or social security are: ANS✔✔ Salaries, wages, and tips
Which of the following does the Federal Reserve use to regulate the nation's money supply? ANS✔✔
monetary policy
Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should
he select a PIN that will give him maximum protection against anyone else being able to find out what
the PIN is? ANS✔✔ Use a random selection of letters and numbers
To make sure you will always remember your automated teller machine (ATM) card personal
identification number (PIN), you should write the PIN and keep it: ANS✔✔ in a secure place at home
Money in the United States includes: ANS✔✔ Checking account balances on which checks can be drawn
Which statement best describes the relationship between a person's educational level and that person's
potential earning power? ANS✔✔ A person with a professional degree is likely to earn at least four
times as much per year as a person who did not complete high school
Purchases made with your debit card are usually: ANS✔✔ Deducted immediately from your checking
account
2024
, Nora needed to make a long-distance call from a pay phone and did not have the cash. She was able to
make the call by using her: ANS✔✔ cash card
Which of the following statements is usually true about individuals who are financially literate? ANS✔✔
they understand the basics of personal finance and money management
An investor bought 40 shares of ABC corporation's stock at $80 a share. Two weeks later, the investor
receives notice that the corporation has approved a 2-for-1 stock split. Based on this information, the
investor would own at the moment of the split ANS✔✔ 80 shares of the stock and the price of each
share is $40
David bought stock for $4,000 and one year later he sold it for $1,000. The sale resulted in a: ANS✔✔
capital loss
A pharmacy is to drugs as the American Stock Exchange is to ANS✔✔ securities
What is the largest equities market in the world? ANS✔✔ 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 ANS✔✔ one of the apartments is not rented
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with: ANS✔✔ the
Securities and Exchange Commission (SEC)
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50%
margin. This means that the ANS✔✔ brokerage firm is lending the investor 50% of the money.
A person owns a stock that pays a $2.00 a share dividend. If the person chooses to reinvest that
dividend, this means that the $2.00 will go toward buying ANS✔✔ more of the same stock
2024
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