FIN 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, Finance 101 Exam questions
with correct answers
2026/2027 Edition Graded A+
Acceptance - ✅✅A formal agreement to the terms of an offer,
forming a contract between the parties.
Advertising - ✅✅Any paid form of non-personal presentation and
promotion of ideas, goods, or services by an identified sponsor.
Adjustable rate mortgage (ARM) - ✅✅A mortgage in which the
interest rate changes in response to the movement of interest rates in
the economy as a whole.
Adjusted gross income - ✅✅Income minus allowable exclusions
(such as IRAs and alimony).
Age Discrimination in Employment Act - ✅✅Law that prohibits
discrimination in employment decisions against people age 40 and
over
, Agency Bond - ✅✅A bond issued by a federal agency, such as the
Federal Home Loan Mortgage Corporation.
Alimony - ✅✅Money paid by one former spouse to support the
other.
Allowances - ✅✅A number that reduces the amount of tax withheld
from your paycheck.
Annual percentage rate - ✅✅The cost of credit, expressed as a
yearly percentage.
Annual percentage yield - ✅✅The actual interest rate an account
pays per year, with compounding included.
Annual Report - ✅✅A summary of a corporation's financial results
for the year end and prospects for the future.
Annuity - ✅✅A contract sold by an insurance company that
provides the investor with a series of regular payments, usually after
retirement.
Assets - ✅✅Items of value that a person owns.
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, Finance 101 Exam questions
with correct answers
2026/2027 Edition Graded A+
Acceptance - ✅✅A formal agreement to the terms of an offer,
forming a contract between the parties.
Advertising - ✅✅Any paid form of non-personal presentation and
promotion of ideas, goods, or services by an identified sponsor.
Adjustable rate mortgage (ARM) - ✅✅A mortgage in which the
interest rate changes in response to the movement of interest rates in
the economy as a whole.
Adjusted gross income - ✅✅Income minus allowable exclusions
(such as IRAs and alimony).
Age Discrimination in Employment Act - ✅✅Law that prohibits
discrimination in employment decisions against people age 40 and
over
, Agency Bond - ✅✅A bond issued by a federal agency, such as the
Federal Home Loan Mortgage Corporation.
Alimony - ✅✅Money paid by one former spouse to support the
other.
Allowances - ✅✅A number that reduces the amount of tax withheld
from your paycheck.
Annual percentage rate - ✅✅The cost of credit, expressed as a
yearly percentage.
Annual percentage yield - ✅✅The actual interest rate an account
pays per year, with compounding included.
Annual Report - ✅✅A summary of a corporation's financial results
for the year end and prospects for the future.
Annuity - ✅✅A contract sold by an insurance company that
provides the investor with a series of regular payments, usually after
retirement.
Assets - ✅✅Items of value that a person owns.
