Wise Test Review Question and answers correctly solved 2024/2025
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Module
WISE
Institution
WISE
Wise Test Review Question and answers correctly solved 2024/2025 Wise Test Review - 50 questions
A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally responsible for paying the $100 - correct answer...
Wise Test Review - 50 questions
A credit card is issued to John and Maria Davis. This month, John charges
$100 and Maria makes no charges. When the bill is received who is legally
responsible for paying the $100 - correct answer ✔Both John and Maria
A factor that can cause the price of a stock to DECREASE is the company -
correct answer ✔lowering its expectations of future earnings.
A good financial goal should - correct answer ✔be achievable in five years.
A landlord never received the rent check sent by the renter two weeks ago.
What is the first action the renter should take - correct answer ✔Contact the
bank to find out if the check was cashed.
A major reason that corporations issue stock is to - correct answer ✔raise
money to expand business activities.
A person has been contributing regularly to her company's 401(k) plan. She
decides to leave the company. It would be financially advisable for her to -
correct answer ✔move the money from the 401(k) plan into another qualified
retirement plan
A person is looking at his budget to find ways to invest more money. It would
be best for him to - correct answer ✔reduce this variable expenses.
A person may need to have liquid assets when - correct answer ✔there is an
emergency need for cash
, A person receives $200 from an uncle for graduation. This money is
considered - correct answer ✔a gift.
A person wants to buy stock in McDonald's. Before buying the stock it is
important that the person consider the - correct answer ✔company's
potential for making money.
A person wants to open a bank account in his name. He will be required to
give the bank - correct answer ✔a state or federal-issued picture
identification.
A person's gross pay for this month is $4,000. Why should his monthly budget
be less than $4,000 - correct answer ✔Taxes are taken out of his gross pay,
reducing the amount of money he takes home
A role of the Federal Reserve Bank (Fed) is to - correct answer ✔influence
interest rates.
A service that banks provide is - correct answer ✔selling certificates of
deposit (CDs).
A student is interested in becoming an engineer, for her a major advantage of
doing an unpaid internship at an engineering firm is having the opportunity to -
correct answer ✔learn about the profession from people in the company
An advantage of using a bank is that generally - correct answer ✔its savings
accounts are FDIC insured
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