FIN 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, FIN 101 Exam questions with
correct answers 2026/2027
Edition Graded A+
Which of the following elements influence your view of the financial
world?
I.Your risk tolerance
II.How much you believe you control your financial future.
III.Knowledge about personal finance topics - ✅✅I, II, and III
Someone who feels that investing is too difficult to understand likely:
A. has a lower level of financial literacy.
B. feels in control of his or her financial situation.
C. is positioned to maximize lifetime wealth accumulation goals.
D. has a high tolerance for financial risk. - ✅✅A. has a lower level of
financial literacy
Which of the following strategies is most likely to increase your
confidence about your financial future?
I.Saving money on a regular basis.
II.Paying down debt as quickly as possible.
,III.Borrowing money to improve GDP. - ✅✅I and II only
Someone who strongly agrees with (a) the thought of taking risk is
exciting, (b) high returns are more important than safety, and (c)
making money in stocks and bonds is based on knowledge is most
likely:
A. willing to take more financial risk.
B. believing in luck and fate.
C. feeling that he or she cannot control his or her financial future.
D. willing to take no financial risk. - ✅✅A. Willing to take more
financial risk
Nigel believes that most "rich people" obtained their wealth either
through hard work or by investing wisely. Assuming Nigel adopts this
same perspective as a guide to his own spending and saving behavior,
he is most likely to become:
A. more knowledgeable about the financial marketplace over time and
increase his personal wealth.
B. disillusioned later in life as he nears retirement.
C. a consistent purchaser of lottery tickets.
D. both disillusioned later in life as he nears retirement and a
consistent purchaser of lottery tickets. - ✅✅A. More
knowledgeable about the financial marketplace over time and
increase his personal wealth
, Which of the following people is most likely to be considered
financially knowledgeable?
A. Michelle, who gives regularly to charity, reads about investing, and
is self-confident.
B. Jamie, who has low self-confidence, likes to gamble, and rarely
tracks news stories online.
C. John, who lives day-to-day, is experienced with investing, but
sometimes spends more than he earns.
D. Todd, who exhibits self-control but is not self-confident or
financially experienced. - ✅✅A. Michelle, who gives regularly to
charity, reads about investing, and is self-confident
It is possible to increase your financial risk tolerance over time. What is
the process of risk tolerance change?
A. Risk tolerance leads to confidence, which leads to understanding,
experience, and increased knowledge.
B. Experience leads to understanding, which leads to confidence,
knowledge, and an increase in risk tolerance.
C. Knowledge leads to confidence, which leads to experience,
understanding and an increase in risk tolerance.
D. Understanding leads to risk tolerance, which leads to experience,
confidence, and increased knowledge. - ✅✅C. Knowledge leads to
confidence, which leads to experience, understanding and an increase
in risk tolerance.
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, FIN 101 Exam questions with
correct answers 2026/2027
Edition Graded A+
Which of the following elements influence your view of the financial
world?
I.Your risk tolerance
II.How much you believe you control your financial future.
III.Knowledge about personal finance topics - ✅✅I, II, and III
Someone who feels that investing is too difficult to understand likely:
A. has a lower level of financial literacy.
B. feels in control of his or her financial situation.
C. is positioned to maximize lifetime wealth accumulation goals.
D. has a high tolerance for financial risk. - ✅✅A. has a lower level of
financial literacy
Which of the following strategies is most likely to increase your
confidence about your financial future?
I.Saving money on a regular basis.
II.Paying down debt as quickly as possible.
,III.Borrowing money to improve GDP. - ✅✅I and II only
Someone who strongly agrees with (a) the thought of taking risk is
exciting, (b) high returns are more important than safety, and (c)
making money in stocks and bonds is based on knowledge is most
likely:
A. willing to take more financial risk.
B. believing in luck and fate.
C. feeling that he or she cannot control his or her financial future.
D. willing to take no financial risk. - ✅✅A. Willing to take more
financial risk
Nigel believes that most "rich people" obtained their wealth either
through hard work or by investing wisely. Assuming Nigel adopts this
same perspective as a guide to his own spending and saving behavior,
he is most likely to become:
A. more knowledgeable about the financial marketplace over time and
increase his personal wealth.
B. disillusioned later in life as he nears retirement.
C. a consistent purchaser of lottery tickets.
D. both disillusioned later in life as he nears retirement and a
consistent purchaser of lottery tickets. - ✅✅A. More
knowledgeable about the financial marketplace over time and
increase his personal wealth
, Which of the following people is most likely to be considered
financially knowledgeable?
A. Michelle, who gives regularly to charity, reads about investing, and
is self-confident.
B. Jamie, who has low self-confidence, likes to gamble, and rarely
tracks news stories online.
C. John, who lives day-to-day, is experienced with investing, but
sometimes spends more than he earns.
D. Todd, who exhibits self-control but is not self-confident or
financially experienced. - ✅✅A. Michelle, who gives regularly to
charity, reads about investing, and is self-confident
It is possible to increase your financial risk tolerance over time. What is
the process of risk tolerance change?
A. Risk tolerance leads to confidence, which leads to understanding,
experience, and increased knowledge.
B. Experience leads to understanding, which leads to confidence,
knowledge, and an increase in risk tolerance.
C. Knowledge leads to confidence, which leads to experience,
understanding and an increase in risk tolerance.
D. Understanding leads to risk tolerance, which leads to experience,
confidence, and increased knowledge. - ✅✅C. Knowledge leads to
confidence, which leads to experience, understanding and an increase
in risk tolerance.
