WISE CERTIFICATION STUDY GUIDE WITH ALL ANSWERS CORRECTLY PROVIDED

Wise Certification Study Guide With All m m m mm m




Answers Correctly Provided m m m




If a fire happens to someone's house, what type of insurance will pay for the damage
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most likely? - correct answer-Home insurance
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If a corporation was sued and lost a major lawsuit, what will happen to the price of their
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stock? - correct answer-Price of stock increases
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Why is a stock characterized as a "growth" stock? - correct answer-The corporation is
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expected to increase significantly in revenues and earnings.
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An example of a long-term investment is: - correct answer-Investing in mutual funds
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A person is using a $25 gift card for the first time. The balance left to use on the card is now
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$23. What is the reason for the reduced available amount? - correct answer-Inactivity
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fee
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T/F....Debit card puchases should be recorded in a checkbook register. - correct mb mb mb mb mb mb mb mb mb mb mb mb




answer-True
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Why does the government tax cigarettes? - correct answer-Increase revenue and stop
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people from smoking
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Roy Williams has $1,000 to invest. He is thinking that interest rates or rates of return will
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increase during the year. What should he buy? - correct answer-He should buy a
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certificate of deposit that is will mature either in 3 months, 6 months or a year.
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When buying stock, what should you be aware of? - correct answer-if the price of the
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stock will go up or down.
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Why would people be warned against taking payday loans? - correct answer-People get
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trapped into re-borrowing over and over again.
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What should be included when writing a will? - correct answer-Beneficiaries
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What is a benefit of paying bills automatically from a bank account? - correct answer-Bills
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are paid on time
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