WGU D363 PERSONAL FINANCE Exam NEWEST
2026-2027 ACTUAL EXAM COMPLETE 65
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ BRAND NEW!!
100/300/50 - CORRECT ANSWER: $100,000 per person injured in an accident
$300,000 for all people combined
$50,000 for property damage
401 k - CORRECT ANSWER: income taxes are deferred until you retire where the interest then
grows faster than if the income taxes occurred
401k change of employers - CORRECT ANSWER: 1. leave it and wait to be able to take the
money out of the account
2. transfer it pay a big tax and put it into another account
3. take it withdrawal off all the account money
Active analyst - CORRECT ANSWER: do research on information surrounding a company to
anticipate what is going to happen and stay in front of the game
Bank reconciliations - CORRECT ANSWER: verify bank account debits and credits are accurate
Bear market - CORRECT ANSWER: a year when stocks decrease under 20% or more
Bull market - CORRECT ANSWER: a year when stocks increase over 20% or more
Buy low - CORRECT ANSWER: sell high
, Car insurance - CORRECT ANSWER: Liability insurance - covers insured when he or she is
held responsible for losses suffered by others.
Medical payment insurance - helps pay medical expenses no matter whos at fault
Uninsured and underinsured motorist insurance - protects you and your passengers from bodily
injury losses resulting from an automobile accident caused by an underinsured motorist.
Physical damage insurance - provides protection against losses caused by damage to your vehicle
Cash flow statement - CORRECT ANSWER: Basic statement of transactions
cash value life insurance - CORRECT ANSWER: part insurance and part investment, in which
you can borrow money against the total amount of premiums paid
Certificate of deposit - CORRECT ANSWER: A fixed timed deposit where you give you money
as a loan or deposit then at the end of the fixed time if the money is not touched you gain the
interest principle agreed on with the initial deposit
Contribution retirement plan - CORRECT ANSWER: a voluntary program where the end
amount consists of assets and investment earnings, 401 ks and simple IRAs, employers may
match the account, the top contribution allowed annually to an account is 19,000
Credit Cards - CORRECT ANSWER: when used correctly can help grow credit score when used
unproperly they can send you into debt
Credit management - CORRECT ANSWER: calculate the amount of debt for an individual and
create a plan to payoff debt
Credit report - CORRECT ANSWER: free, a report on the history of your ability to pay your
debts available to all credit providers
2026-2027 ACTUAL EXAM COMPLETE 65
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ BRAND NEW!!
100/300/50 - CORRECT ANSWER: $100,000 per person injured in an accident
$300,000 for all people combined
$50,000 for property damage
401 k - CORRECT ANSWER: income taxes are deferred until you retire where the interest then
grows faster than if the income taxes occurred
401k change of employers - CORRECT ANSWER: 1. leave it and wait to be able to take the
money out of the account
2. transfer it pay a big tax and put it into another account
3. take it withdrawal off all the account money
Active analyst - CORRECT ANSWER: do research on information surrounding a company to
anticipate what is going to happen and stay in front of the game
Bank reconciliations - CORRECT ANSWER: verify bank account debits and credits are accurate
Bear market - CORRECT ANSWER: a year when stocks decrease under 20% or more
Bull market - CORRECT ANSWER: a year when stocks increase over 20% or more
Buy low - CORRECT ANSWER: sell high
, Car insurance - CORRECT ANSWER: Liability insurance - covers insured when he or she is
held responsible for losses suffered by others.
Medical payment insurance - helps pay medical expenses no matter whos at fault
Uninsured and underinsured motorist insurance - protects you and your passengers from bodily
injury losses resulting from an automobile accident caused by an underinsured motorist.
Physical damage insurance - provides protection against losses caused by damage to your vehicle
Cash flow statement - CORRECT ANSWER: Basic statement of transactions
cash value life insurance - CORRECT ANSWER: part insurance and part investment, in which
you can borrow money against the total amount of premiums paid
Certificate of deposit - CORRECT ANSWER: A fixed timed deposit where you give you money
as a loan or deposit then at the end of the fixed time if the money is not touched you gain the
interest principle agreed on with the initial deposit
Contribution retirement plan - CORRECT ANSWER: a voluntary program where the end
amount consists of assets and investment earnings, 401 ks and simple IRAs, employers may
match the account, the top contribution allowed annually to an account is 19,000
Credit Cards - CORRECT ANSWER: when used correctly can help grow credit score when used
unproperly they can send you into debt
Credit management - CORRECT ANSWER: calculate the amount of debt for an individual and
create a plan to payoff debt
Credit report - CORRECT ANSWER: free, a report on the history of your ability to pay your
debts available to all credit providers
