Wise Certification Test questions with correct answers

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the Answer US Treasury Department Margaret wants to store a valuable coin collection & important papers. Generally, consumers should: Answer Rent a safe deposit box for their valuables Troy has $50 a month transferred electronically from his checking account to his savings account. This is an example of: Answer A savings plan Employees prefer direct deposits because: Answer The money is generally deposited in their checking account sooner than it would be if they had to deposit it in person A person is depositing $20 in cash and a check for $50. On the checking account deposit slip, the person should Answer List the cash deposit it separately from the check as well as the total of the deposit A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take? Answer Notify the credit card companies in order to negotiate a new payment plan To qualify for a Federal Housing Administration (FHA) loan, a person must generally Answer Fulfill income guidelines When a person declares bankruptcy that fact will appear on the person'