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WISE Financial Literacy Certification Practice Exam | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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WISE Financial Literacy Certification Practice Exam | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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WISE Financial Literacy Certification Practice Exam |
Questions with 100% Correct Answers | Verified | Latest
Update 2026/2027
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Terms in this set (50)



Question : To qualify for a Federal Housing C: fulfill income guidelines.
Administration (FHA) loan, a person must generally


A: have at least a high school diploma.
B: have one-quarter of the cost of the home
for a down-payment.
C: fulfill income guidelines.
D: provide two individuals to co-sign the loan.

, A high school student has begun to investigate the field A: Will I find a balance between financial rewards and personal satisfaction
of finance as a career choice. In deciding about the from work?
field, the student should focus on which question first?


A: Will I find a balance between financial rewards and
personal satisfaction from work?
B: How many people do I know who work in this field?
C: Once I train for this area, how long before I will be
at the top of the field?
D: Are there people in this field who are dissatisfied
with their jobs?


A type of electronic funds transfer (EFT) is: D: An ATM transaction


A: A transaction made with a check
B: A deposit made with a bank teller
C: Not widely used by consumers
D: An ATM transaction




A company offers a defined-contribution pension plan B: the total amount of money contributed plus investment earnings.
which means that upon retirement the employee will
receive


A: one-half of the employee's last year's salary.
B: the total amount of money contributed plus
investment
earnings.
C: an amount of money based only on the length of
time
the employee worked for the company.
D: a specified amount of money based totally on the
profit
earned by the company while the employee worked
there.


The interest earned on United States Series EE Savings A: exempt from state and local taxes.
Bonds is


A: exempt from state and local taxes.
B: paid in a lump sum at the time the face value on the
bond is reached.
C: equal to the money paid to purchase it.

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