wise test review Questions with complete solution 2024/2025
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Module
WISE
Institution
WISE
wise test review Questions with complete solution 2024/2025 Wise Test Review
1. When using a debit card what should you immediately do upon use? - correct answer Record it in your checkbook register
2. Why buy renter's insurance? - correct answer To protect your belongings in case of fir...
wise test review #1
a person has three credit cards with large outstanding balance and is unable
to make payments on any of them. what action should the person take? -
correct answer ✔notify the credit card companies in order to negotiate a new
payment plan
what is meant by an uncollateralized loan? - correct answer ✔a personal
loan without assets to cover the loan amount
when a person brings an item to a pawn shop to obtain cash, the transaction
is considered what? - correct answer ✔a collateralized loan
what is considered to be open-end credit? - correct answer ✔department
store charge cards
when a person declares bankruptcy, that fact will appear on the persons credit
report for how long? - correct answer ✔10 years period
what does the federal reserve use to regulate the nations money supply? -
correct answer ✔monetary policy
what statement is usually true about individuals who are financially literate? -
correct answer ✔they understand the basics for personal finance and money
management
money for saving, investing, or spending cannot be from what? - correct
answer ✔capital losses from the sale of stock
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