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WGU D363 OBJECTIVE ASSESSMENT 2 NEWEST 2026 ACTUAL
EXAM| D363 PERSONAL FINANCE OA FINAL EXAM WITH
COMPLETE 250 REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
Eva is creating a balance sheet for herself. She lists her assets, such as
the value of her home, retirement account, and the extra plot of land
she owns. Finally, she lists her liabilities, including the mortgage and
land balances.
Assets : 360k
Liabilities: 100k ......ANSWER......To calculate your net worth, you need
to subtract your liabilities from your assets. Thus, $360,000 total assets
minus $100,000 total liabilities equals a net worth of $260,000.
Which type of asset is an engagement ring?
Investment asset
Monetary asset
Tangible asset
Short-term asset ......ANSWER......Goods such as jewelry, tools, boats,
and electronics are examples of tangible assets.
Maria is making a list of all her expenses. She is trying to organize them
into the appropriate categories.
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Which type of expense is transportation costs?
Recurring
Tangible
Variable
Fixed ......ANSWER......Transportation costs may include gasoline,
maintenance, registration, insurance, and public transportation. Since
these costs may change from month to month, they are variable costs.
Sara would like to know where she stands financially, that is, her value
when she subtracts her liabilities from her assets.
What is the resulting value called?
Financial statement
Financial health statement
Income statement
Net worth ......ANSWER......Net worth is where a person stands
financially after subtracting liabilities from assets.
Nora's car broke down, and the unexpected out-of-pocket cost to fix it
was $1,000. Nora's expenses now exceed her income for this month.
What will Nora's cash-flow statement for this month show?
A variable loss
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A surplus
A net gain
A deficit ......ANSWER......correct:
Because her income is less than her expenses, her cash-flow statement
would show a deficit.
Lulu wants to create a budget, but she does not know where to start.
What should a financial planner advise Lulu?
Record all expenses for 30 days to see how income is currently being
spent Use only a debit card for 30 days to easily track where money is
being spent Create budget categories and estimate monthly expenses
and income Document a reason for each expense, whether paid by
check, cash, or card ......ANSWER......A financial advisor would advise
their client to record all expenses for 30 days to see exactly where the
money is currently being spent.
How should credit card charges be handled within a personal budget?
Credit card charges should be recorded at the time of the transaction.
Record credit card transactions once the monthly statement is received.
Credit card charges are not recorded in a personal budget but instead in
their own worksheet.
List credit card transactions in a separate section of the personal
budget for tracking purposes. ......ANSWER......Financial advisors advise
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clients to record credit card charges at the time of the transaction to
have an accurate picture of monthly spending.
Diego wants to know if he has enough income and savings to cover all
of his debt obligations.
How should Diego answer this question?
Calculate the debt payments-to-disposable-income ratio
Calculate the asset-to-debt ratio
Calculate the debt-to-income ratio
Calculate the liquidity ratio ......ANSWER......Asset-to-debt ratio
indicates if there are enough cash assets to meet the debt obligations. A
high ratio is desired.
Why do financial experts suggest that couples close redundant bank
accounts?
To improve their credit scores
To help pay off debt faster
To save money on banking and account fees
To facilitate the budgeting process ......ANSWER......The more open
bank accounts partners have the more fees they are likely to pay.
Financial experts suggest keeping only essential accounts.
Nora wants to take her dream vacation to Ghana. She needs to save
$5,000 for the trip, and she wants to travel in two years.
WGU D363 OBJECTIVE ASSESSMENT 2 NEWEST 2026 ACTUAL
EXAM| D363 PERSONAL FINANCE OA FINAL EXAM WITH
COMPLETE 250 REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
Eva is creating a balance sheet for herself. She lists her assets, such as
the value of her home, retirement account, and the extra plot of land
she owns. Finally, she lists her liabilities, including the mortgage and
land balances.
Assets : 360k
Liabilities: 100k ......ANSWER......To calculate your net worth, you need
to subtract your liabilities from your assets. Thus, $360,000 total assets
minus $100,000 total liabilities equals a net worth of $260,000.
Which type of asset is an engagement ring?
Investment asset
Monetary asset
Tangible asset
Short-term asset ......ANSWER......Goods such as jewelry, tools, boats,
and electronics are examples of tangible assets.
Maria is making a list of all her expenses. She is trying to organize them
into the appropriate categories.
,2|Page
Which type of expense is transportation costs?
Recurring
Tangible
Variable
Fixed ......ANSWER......Transportation costs may include gasoline,
maintenance, registration, insurance, and public transportation. Since
these costs may change from month to month, they are variable costs.
Sara would like to know where she stands financially, that is, her value
when she subtracts her liabilities from her assets.
What is the resulting value called?
Financial statement
Financial health statement
Income statement
Net worth ......ANSWER......Net worth is where a person stands
financially after subtracting liabilities from assets.
Nora's car broke down, and the unexpected out-of-pocket cost to fix it
was $1,000. Nora's expenses now exceed her income for this month.
What will Nora's cash-flow statement for this month show?
A variable loss
,3|Page
A surplus
A net gain
A deficit ......ANSWER......correct:
Because her income is less than her expenses, her cash-flow statement
would show a deficit.
Lulu wants to create a budget, but she does not know where to start.
What should a financial planner advise Lulu?
Record all expenses for 30 days to see how income is currently being
spent Use only a debit card for 30 days to easily track where money is
being spent Create budget categories and estimate monthly expenses
and income Document a reason for each expense, whether paid by
check, cash, or card ......ANSWER......A financial advisor would advise
their client to record all expenses for 30 days to see exactly where the
money is currently being spent.
How should credit card charges be handled within a personal budget?
Credit card charges should be recorded at the time of the transaction.
Record credit card transactions once the monthly statement is received.
Credit card charges are not recorded in a personal budget but instead in
their own worksheet.
List credit card transactions in a separate section of the personal
budget for tracking purposes. ......ANSWER......Financial advisors advise
, 4|Page
clients to record credit card charges at the time of the transaction to
have an accurate picture of monthly spending.
Diego wants to know if he has enough income and savings to cover all
of his debt obligations.
How should Diego answer this question?
Calculate the debt payments-to-disposable-income ratio
Calculate the asset-to-debt ratio
Calculate the debt-to-income ratio
Calculate the liquidity ratio ......ANSWER......Asset-to-debt ratio
indicates if there are enough cash assets to meet the debt obligations. A
high ratio is desired.
Why do financial experts suggest that couples close redundant bank
accounts?
To improve their credit scores
To help pay off debt faster
To save money on banking and account fees
To facilitate the budgeting process ......ANSWER......The more open
bank accounts partners have the more fees they are likely to pay.
Financial experts suggest keeping only essential accounts.
Nora wants to take her dream vacation to Ghana. She needs to save
$5,000 for the trip, and she wants to travel in two years.
