Wise test 2025 - Study guides, Class notes & Summaries

WISE Test Question and answers correctly solved 2024/2025 Wise Test It is usually a good idea to borrow for - correct answer Something that increases in value over time A person generally pays a lower interest rate on a car loan then on a personal loan because the - correct answer Car is collateral for the loan Who is most likely to use the service of a non-Bank consumer finance company - correct answer Individuals who cannot get a loan from a bank or credit union Which financi...

Wise Practice Test Updated Questions and Answers (2024/2025) (Verified Answers)

wise test review Questions with complete solution 2024/2025 wise test review A high school senior who is saving for the prom is invited to go on a weekend trip friends. the senior student chose not to go on the trip. what is the opportunity cost? - correct answer the weekend trip A person can set up an individual retirement account (IRA) at a - correct answer bank A person has two credit cards. when fails to make a payment on one credit card, the second credit card company - correc...

WISE Test, Question and answers already passed 2024/2025 WISE Test Vocabulary Check - correct answer A system that allows each branch of government to limit the powers of the other branches in order to prevent abuse of power Credit Card - correct answer a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered Debit Card - correct answer ...

Wise Test Question and answers verified to pass 2024/2025 WISE Test In order to get spending under control, a person should first - correct answer Create a budget of current income and expenses Comparison shopping for a car is necessary because - correct answer The price for the car can vary a great deal Financial planners generally stress the importance of starting to save and invest early because - correct answer Of the power of compounding and appreciation An important featu...

Wise Economics and Personal Finance Test Practice Updated Questions and Answers (2024/2025) (Verified Answers)

Wise Test Review Question and answers 2024/2025 Wise Test Review When making a list of your liabilities a person should include: - correct answer mortgage loan Money in the form of cash or currency acts as a: - correct answer medium of exchange If a person has a $1,000 line of credit, the person can charge: - correct answer up to $1,000 on the credit card A benefit of buying term life insurance as opposed to whole life insurance is that term insurance usually: - correct answ...

Wise Test Comprehensive Review (all topics) 2024/2025