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WISE TEST LATEST REAL EXAM 180+ QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE
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WISE TEST LATEST REAL EXAM 180+ QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE
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WISE TEST LATEST 2024-2025 REAL EXAM 180+QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) |AGRADE
Terms in this set (100)
In order to get spending C
under control, a person
should first
A. seek help on investing
from a financial planner.
B. consult a credit
counseling service.
C. create a budget of
current income and
expenses.
D. subscribe to financial
newsletters and
magazines.
Comparison shopping for C
a car is necessary because
A. each dealer sells cars
with different colors.
B. lenders want to be sure
consumers get the best
price.
C. the price for the car
can vary a great deal.
D. it is a requirement to
qualify for car insurance.
,Financial planners B
generally stress the
importance of starting to
save and invest early
because
A. a person can stop
saving at age 40.
B. of the power of
compounding and
appreciation.
C. there are fewer bills to
pay when a person is
young.
D. a person will not need
insurance.
An important feature of a A
good financial goal is that
the goal
A. has a specific time
frame.
B. is appropriate for the
person's age.
C. can last throughout the
person's life.
D. will take at least ten
years for the person to
achieve.
Purchasing power B
decreases and it costs
more money to buy goods
when there is
A. a bear market.
B. inflation.
C. deflation.
D. a bull market.
,What strategy can help a C
person achieve her goal
to buy a house?
A. Using credit cards to
pay for expenses.
B. Paying for large
purchases in cash.
C. Following a budget that
allows for savings.
D. Applying for more
credit cards to increase
her credit score.
A college student has to C
live on a tight budget.
Before making a decision
to buy the newest cell
phone, which question
should he ask himself first?
A. Is the new cell phone
cheaper than the one
being used?
B. Is the new cell phone
on sale?
C. Is the new cell phone a
need or a want?
D. Will my friends like the
new cell phone?
, Which of the following B
quotes is sound financial
advice?
A. "He who hesitates is
lost."
B. "A penny saved is a
penny earned."
C. "Don't put off today
what can be done
tomorrow."
D. "The window of
opportunity may only
open once."
Fixed expenses include D
A. food.
B. vacations.
C. entertainment.
D. rent.
Mandatory deductions A
from a person's paycheck
include
A. federal withholding tax
and FICA.
B. school taxes and
contributions to a
retirement account.
C. regressive taxes and
employee automatic
savings.
D. property taxes and
employee benefits.
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