Wise latest Questions and Answers
Practice test 1.
a good reason to have a credit card is that it allows the person to - -not have
to carry large amounts of cash
-uses his bank ATM card at his local grocery store's ATM that charges a 3.00
fee for each transaction. he uses this ATM machine sometimes a month. This
practice should be - -no because the person is spending money
unnecessarily and increasing the chance of identity theft
-companies are likely to place drivers in the "assigned risk pool" if they over
age 65 - -have several recent accidents
-rosario hill's loan payment will be received by the bank on june therefore
the correct payment is - -342.56
-which dollar amount shown on the statement will definitley .... rosario hill
makes her monthly payment? - -late charges
-based on this statement, how much interest has Rosario loan this year? - -
932.27
-This girl saw an error when reviewing her credit report. What should she
do? - -send the error to her creditors
-identity theft a person should not provide his social security number over
the phone unless - -the call to the organization where he has an account
-how can a person improve their credit score - -pay the amount he owes on
his credit cards
-uses a debit card to make a purchase, the amount of the purchase is - -
from the person's bank account balance at the time of the sale
-been contributing regularly to her company's 401k plan . she decides to
leave the company. it would be financially advisable. - -the money from the
401k plan and use it as an emergency fund
-applying for a 20 year old bank mortgage in order to purchase a house.
When will this person become the sole owner of the home. - -the mortgage
payments have been made
-individuals and corporations contribute so generously to charitable
organizations? - -charitable organizations raise credit scores
Practice test 1.
a good reason to have a credit card is that it allows the person to - -not have
to carry large amounts of cash
-uses his bank ATM card at his local grocery store's ATM that charges a 3.00
fee for each transaction. he uses this ATM machine sometimes a month. This
practice should be - -no because the person is spending money
unnecessarily and increasing the chance of identity theft
-companies are likely to place drivers in the "assigned risk pool" if they over
age 65 - -have several recent accidents
-rosario hill's loan payment will be received by the bank on june therefore
the correct payment is - -342.56
-which dollar amount shown on the statement will definitley .... rosario hill
makes her monthly payment? - -late charges
-based on this statement, how much interest has Rosario loan this year? - -
932.27
-This girl saw an error when reviewing her credit report. What should she
do? - -send the error to her creditors
-identity theft a person should not provide his social security number over
the phone unless - -the call to the organization where he has an account
-how can a person improve their credit score - -pay the amount he owes on
his credit cards
-uses a debit card to make a purchase, the amount of the purchase is - -
from the person's bank account balance at the time of the sale
-been contributing regularly to her company's 401k plan . she decides to
leave the company. it would be financially advisable. - -the money from the
401k plan and use it as an emergency fund
-applying for a 20 year old bank mortgage in order to purchase a house.
When will this person become the sole owner of the home. - -the mortgage
payments have been made
-individuals and corporations contribute so generously to charitable
organizations? - -charitable organizations raise credit scores
