Wise practice test #2 Exam Questions With
100% Correct Answers 2024/2025
Matthew and Alicia just had a baby. They received money as baby gifts and want to put it away for the
baby's college tuition. Which of the following has the "lowest" potential growth rate over the next 18
years?
Savings accounts
A savings account earns the greatest amount of money when the interest on the account is
compounded.
daily
Money for saving, investing, or spending cannot be from:
Capital losses from the sale of stock
The amount a lender charges to borrow money is called the
Finance charge
Lamar believes that interest rates are going to fall in the near future and remain low for a
considerable period of time. She should invest in:
A long-term, fixed rate certificate of deposit
Which of the following does the Federal Reserve use to regulate the nation's money supply
monetary policy
Robyn is an investor. Which financial product makes her a shareholder in a corporation?
common stocks
The information that a lender must disclose to consumers applying for a cash loan is:
The annual percentage rate (APR), and/or the finance charge
When a self-employed person decides to purchase disability insurance it is generally to
protect against the financial effects of not being able to work.
Troy has $50 a month transferred electronically from his checking account to his savings account. This
is an example of:
A savings plan
Jane saw a breakfast cereal being advertised on TV and insisted that her mother purchase this cereal.
This is an example of advertising's:
power of persuasion in creating demand
What is the largest equities market in the world?
New York Stock Exchange (NYSE)
100% Correct Answers 2024/2025
Matthew and Alicia just had a baby. They received money as baby gifts and want to put it away for the
baby's college tuition. Which of the following has the "lowest" potential growth rate over the next 18
years?
Savings accounts
A savings account earns the greatest amount of money when the interest on the account is
compounded.
daily
Money for saving, investing, or spending cannot be from:
Capital losses from the sale of stock
The amount a lender charges to borrow money is called the
Finance charge
Lamar believes that interest rates are going to fall in the near future and remain low for a
considerable period of time. She should invest in:
A long-term, fixed rate certificate of deposit
Which of the following does the Federal Reserve use to regulate the nation's money supply
monetary policy
Robyn is an investor. Which financial product makes her a shareholder in a corporation?
common stocks
The information that a lender must disclose to consumers applying for a cash loan is:
The annual percentage rate (APR), and/or the finance charge
When a self-employed person decides to purchase disability insurance it is generally to
protect against the financial effects of not being able to work.
Troy has $50 a month transferred electronically from his checking account to his savings account. This
is an example of:
A savings plan
Jane saw a breakfast cereal being advertised on TV and insisted that her mother purchase this cereal.
This is an example of advertising's:
power of persuasion in creating demand
What is the largest equities market in the world?
New York Stock Exchange (NYSE)
