Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025
3 views 0 purchase
Module
Wise
Institution
Wise
Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025
If a fire happens to someone's house that they own, what type of insurance will pay for the damage most likely?
Homeowners insurance
If a corporation was sued and lost a major lawsuit, what will happen to the price of thei...
Wise Practice Test Exam Questions With
100% Correct Answers 2024/2025
If a fire happens to someone's house that they own, what type of insurance will pay for the damage
most likely?
Homeowners insurance
If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock?
Price of stock will decrease
Why is a stock characterized as a "growth" stock?
The corporation is expected to increase significantly in revenues and earnings.
An example of a long-term investment is:
Investing in mutual funds or stocks or bonds
T/F....Debit card puchases should be recorded in a checkbook register.
True
Why does the government put an excise tax on cigarettes?
Increase revenue (money come in) and stop people from smoking
Roy Williams has $1,000 to invest. He is thinking that interest rates or rates of return will increase
during the year. What should he buy?
He should buy a certificate of deposit that will mature either in 3 months, 6 months or a year so he
can get a new one when the rates are higher later.
When buying stock, what should you be aware of?
If the price of the stock will go up or down.
Why would people be warned against taking payday loans?
People get trapped into re-borrowing over and over again (paying one loan off with another loan).
What should be included when writing a will?
Beneficiaries
What is a benefit of paying bills automatically from a bank account?
Bills are paid on time
What is the purpose of renters insurance?
Protect your personal property
As it relates to a budget, what is a surplus?
Extra money that is left over once all expenses are budgeted.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LectAziim. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.20. You're not tied to anything after your purchase.
