WISE CERTIFICATION STUDY GUIDE
If a fire happens to someone's house, what type of insurance will pay for the damage most likely? - Home insurance
If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? - Price of stock increases
Why is a stock characterized as a "growth" stock? - The corporation is expected to increase significantly in revenues and earnings.
An example of a long-term investment is: - Investing in mutual funds
A person is using a $25 gift card for the first time. The balance left to use on the card is now $23. What is the reason for the reduced available amount? - Inactivity fee
T/F....Debit card puchases should be recorded in a checkbook register. - True
Why does the government tax cigarettes? - Increase revenue and stop people from smoking
Roy Williams has $1,000 to invest. He is thinking that interest rates or rates of return will
increase during the year. What should he buy? - He should buy a certificate of deposit that is will mature either in 3 months, 6 months or a year.
When buying stock, what should you be aware of? - if the price of the stock will go up or
down.
Why would people be warned against taking payday loans? - People get trapped into re-borrowing over and over again.
What should be included when writing a will? - Beneficiaries
What is a benefit of paying bills automatically from a bank account? - Bills are paid on time
What is the purpose of renters insurance? - Protect property
As it relates to a budget, what is a surplus? - Money that is left over once all expenses are budgeted.
How can a person build wealth for the future? - Put money into savings and invest money
T/F....There is typically a fee for stop payments on checks. - True
If a fire happens to someone's house, what type of insurance will pay for the damage most likely? - Home insurance
If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? - Price of stock increases
Why is a stock characterized as a "growth" stock? - The corporation is expected to increase significantly in revenues and earnings.
An example of a long-term investment is: - Investing in mutual funds
A person is using a $25 gift card for the first time. The balance left to use on the card is now $23. What is the reason for the reduced available amount? - Inactivity fee
T/F....Debit card puchases should be recorded in a checkbook register. - True
Why does the government tax cigarettes? - Increase revenue and stop people from smoking
Roy Williams has $1,000 to invest. He is thinking that interest rates or rates of return will
increase during the year. What should he buy? - He should buy a certificate of deposit that is will mature either in 3 months, 6 months or a year.
When buying stock, what should you be aware of? - if the price of the stock will go up or
down.
Why would people be warned against taking payday loans? - People get trapped into re-borrowing over and over again.
What should be included when writing a will? - Beneficiaries
What is a benefit of paying bills automatically from a bank account? - Bills are paid on time
What is the purpose of renters insurance? - Protect property
As it relates to a budget, what is a surplus? - Money that is left over once all expenses are budgeted.
How can a person build wealth for the future? - Put money into savings and invest money
T/F....There is typically a fee for stop payments on checks. - True