WGU D363 Preassessment Exam Actual Exam 2026/2027 – 100% Verified Q&A with Complete Solutions –Already Graded A+

WGU D363 Preassessment Exam Actual
Exam 2026/2027 – 100% Verified Q&A
with Complete Solutions –Already
Graded A+

Question 1: Which type of financial institution is a non-profit,
member-owned cooperative?

 A) Online-only bank
 B) Commercial bank
 C) Credit union
 D) Investment bank

Answer: C) Credit union

Question 2: What advantage do online banks commonly have
over many traditional banks?

 A) Higher interest earned on savings accounts
 B) Lower interest charges on commercial loans
 C) Superior rates on certificates of deposit
 D) Better approval rates for mortgage applications

Answer: A) Higher interest earned on savings accounts

Question 3: What does FDIC insurance protect?

 A) Investment losses in a brokerage account
 B) Deposits at insured banks up to a set limit per depositor,
per bank

,  C) The value of a home's mortgage
 D) Losses from identity theft

Answer: B) Deposits at insured banks up to a set limit per
depositor, per bank

Question 4: As of recent standard coverage limits, how much
does FDIC insurance typically cover per depositor, per insured
bank, per ownership category?

 A) $250,000
 B) $1,000,000
 C) $10,000
 D) $50,000

Answer: A) $250,000

Question 5: Which organization provides deposit insurance for
credit union members, similar to the FDIC for banks?

 A) National Credit Union Administration (NCUA)
 B) Federal Trade Commission (FTC)
 C) Federal Reserve Board
 D) Securities Investor Protection Corporation (SIPC)

Answer: A) National Credit Union Administration (NCUA)

Question 6: Which benefit is commonly associated with opening
a savings account at a credit union?

 A) Free corporate stock upon opening a new account
 B) Higher savings rates than through a commercial bank
 C) More cash rewards than through a public bank
 D) Unlimited transfers to external accounts

,Answer: B) Higher savings rates than through a commercial bank

Question 7: What is a certificate of deposit (CD)?

 A) A checking account with unlimited withdrawals
 B) A type of insurance policy
 C) A type of unsecured personal loan
 D) A savings product that holds a fixed sum for a set term at
a fixed interest rate

Answer: D) A savings product that holds a fixed sum for a set
term at a fixed interest rate

Question 8: Which account type generally offers the most
liquidity for everyday transactions?

 A) Checking account
 B) 529 education savings plan
 C) Whole life insurance policy
 D) Certificate of deposit

Answer: A) Checking account

📊 Financial Statements and Ratios

Question 9: Which financial statement did Sophia create if she
started by listing her monthly income and expenses?

 A) Cash-flow statement
 B) Net worth statement
 C) Financial ratio
 D) Balance sheet

, Answer: A) Cash-flow statement

Question 10: Malik is reviewing a list of assets and liabilities to
evaluate his net worth. Which financial statement is Malik
reviewing?

 A) Income and expense statement
 B) Cash equivalent statement
 C) Cash-flow statement
 D) Balance sheet

Answer: D) Balance sheet

Question 11: Which financial ratio will Jack need to calculate to
determine whether he owns enough things with monetary value
to meet his debt obligations?

 A) Debt payments-to-disposable-income ratio
 B) Asset-to-debt ratio
 C) Debt-to-income ratio
 D) Liquidity ratio

Answer: B) Asset-to-debt ratio

Question 12: An individual has a credit card with a 16% annual
interest rate, a 5% late-payment fee, and a $10,000 credit limit.
The current outstanding balance is $4,000, and the individual fails
to make the required monthly payment before the end of the 30-
day grace period. What late-payment fee will be charged?

 A) $200
 B) $300
 C) $600