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Wise Test Review - 50 Questions Updated Questions and Answers (2024/2025) (Verified Answers)
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Wise Test Review - 50 Questions Updated Questions and Answers (2024/2025) (Verified Answers)
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Wise Test Review - 50 questions.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Wise%20Test%20Wise Test Review 50 Questions
& Verified Answers
1. 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
Answer Both John and Maria
2. A factor that can cause the price of a stock to DECREASE is the company-
Answer lowering its expectations of future earnings.
3. A good financial goal should
Answer be achievable in five years.
4. A landlord never received the rent check sent by the renter two weeks ago.
What is the first action the renter should take
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,Wise Test Review - 50 questions.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Wise%20Test%20
Answer Contact the bank to find out if thecheck was cashed.
5. A major reason that corporations issue stock is to
Answer raise money to expandbusiness activities.
6. 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
Answer movethe money from the 401(k) plan into another qualified retirement plan
7. A person is looking at his budget to find ways to invest more money. It wouldbe
best for him to
Answer reduce this variable expenses.
8. A person may need to have liquid assets when
Answer there is an emergency needfor cash
9. A person receives $200 from an uncle for graduation. This money is consid-
ered
Answer a gift.
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