Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 For the past five years, a person has had a $20000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive - answerA calculated amount who includes the premiums paid as well as the interest on that money. A person buys a flat screen, plasma, theater-like television. There person has homeowner's insurance. Why would it be appropriate to add a personal property floater to that insurance? - answerTo cover the cost of replacement should the television get damaged or stolen A woman has just received a very expensive piece of jewelr. The woman has HI. Which type of insurance would it be most appropriate for her to make to her insurance agent? - answer"I think I need a person property floater" Debbie owns a clothing store. She is concerned that co=ustomer who is injured i tn the store will sue. Which type of insurance should debbie purchase? - answerLiability insurance Lucy has no insurance. The situations she should consider insuring against first are: - answerLosses resulting from an illness, accident,t or disability If a person makes a deposit of $10000 or more into a bank account, the bank must notify the - answerUS treasury department Which financial product has the most predictable income - answerCertificate of Deposit Travelers checks often use for vacations - answerFunction as cash and are easily replaced if lost The National Credit Union Admin insures accounts in - answerCredit unions A teenage boy has opened a checking account. He is surprised to find that through he is getting a written bank statement each month he is not getting his cancelled checks returned. The teenager should be aware that the reason cancelled checks are not returned is to - answersave the bank money associated with returning copies of these checks Which financial product can you buy for $25 is safe and will be worth $50 at a future date - answerSeries EE savings bond A blank endorsement on a check - answerCreates a check that can be cashed by anyone