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Economics and Personal Finance Wise Certification Test Review Latest Updated
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Economics and Personal Finance Wise Certification Test Review Latest Updated
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Economics and Personal Finance WiseCertification Test Review Latest Updated
A company offers a defined-contribution pension plan which means that upon retirement
the employee will receive - ANSWER-the total amount of money contributed plus
investment earnings.
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing
therefore that budget item is considered to have - ANSWER-A budget variance
A person buys a flat screen, plasma, theater-like television. The person has
homeowner?s insurance. Why would it be appropriate to add a personal property floater
to that insurance? - ANSWER-To cover the cost of replacement should the television
get damaged or stolen.
A person complains about how expensive it is to be a cigarette smoker. One of the
reasons cigarettes are so expensive is that - ANSWER-the government imposes an
excise tax on them.
A person has three credit cards with very large outstanding balances and is unable to
make payments on any of them. What action should the person take? - ANSWER-Notify
the credit card companies in order to negotiate a new payment plan.
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 - ANSWER-more
of the same stock.
A person's debt ratio shows the relationship between debt and net worth. The lower the
ratio the - ANSWER-better off financially the person is.
A pharmacy is to drugs as the American Stock Exchange is to: - ANSWER-Securities
A publicly held corporation announces it is planning to merge with another publicly held
corporation. Based on this information, and investor should be aware that the price of
the stock - ANSWER-is unpredictable.
A woman has just received a very expensive piece of jewelry. The woman has
homeowner's insurance. Which statement would it be most appropriate for her to make
to her insurance agent? - ANSWER-"I think I need a personal property floater."
After five years of owning a Roth Individual Retirement Account (IRA), a person wants
to buy his first home, the person can withdraw money from the Roth IRA - ANSWER-tax
and penalty free.
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