WISE CERTIFICATION TEST PAPER 2025/2026 QUESTIONS
WITH ANSWERS TAGGED A+
✔✔As it relates to a budget, what is a surplus? - ✔✔Money that is left over once all
expenses are budgeted.
✔✔How can a person build wealth for the future? - ✔✔Put money into savings and
invest money
✔✔T/F....There is typically a fee for stop payments on checks. - ✔✔True
✔✔When looking at a credit report, how do you calculate what a person owes? -
✔✔Looking at a credit report and giving what a person owes by adding the current
balance on each card.
✔✔This protects a person's bank accounts up to $250,000. - ✔✔FDIC
✔✔T/F...The type of car a person owns could determine the cost of auto insurance. -
✔✔True
✔✔When is it usually a good time to borrow? - ✔✔When a person is looking to buy
something like a house because it could increase in value over time.
✔✔Bear market - ✔✔Extended period of uncertainty and pessimism when stock prices
fall.
✔✔Bull market - ✔✔Extended period of consumer confidence and optimism when stock
prices rise.
✔✔What could cause the purchasing power of money to decrease? - ✔✔Inflation
✔✔T/F...the interest rate on a secured loan will typically be lower than the interest rate
on a personal loan. - ✔✔True
✔✔Why do corporations issue bonds? - ✔✔To borrow money from investors
/OR/
With bonds, corporations can often borrow at a lower interest rate than the rate
available in banks. By issuing bonds directly to the investors, corporations can eliminate
the banks as "middlemen" in the transactions. Without the intermediaries, the borrowing
process becomes more efficient and less expensive.
✔✔If a person starts investing money at the age of 27 at 3% of $40,000, and another
person starts investing at the age of 50 at 3% of $55,000, who will have more money at
WITH ANSWERS TAGGED A+
✔✔As it relates to a budget, what is a surplus? - ✔✔Money that is left over once all
expenses are budgeted.
✔✔How can a person build wealth for the future? - ✔✔Put money into savings and
invest money
✔✔T/F....There is typically a fee for stop payments on checks. - ✔✔True
✔✔When looking at a credit report, how do you calculate what a person owes? -
✔✔Looking at a credit report and giving what a person owes by adding the current
balance on each card.
✔✔This protects a person's bank accounts up to $250,000. - ✔✔FDIC
✔✔T/F...The type of car a person owns could determine the cost of auto insurance. -
✔✔True
✔✔When is it usually a good time to borrow? - ✔✔When a person is looking to buy
something like a house because it could increase in value over time.
✔✔Bear market - ✔✔Extended period of uncertainty and pessimism when stock prices
fall.
✔✔Bull market - ✔✔Extended period of consumer confidence and optimism when stock
prices rise.
✔✔What could cause the purchasing power of money to decrease? - ✔✔Inflation
✔✔T/F...the interest rate on a secured loan will typically be lower than the interest rate
on a personal loan. - ✔✔True
✔✔Why do corporations issue bonds? - ✔✔To borrow money from investors
/OR/
With bonds, corporations can often borrow at a lower interest rate than the rate
available in banks. By issuing bonds directly to the investors, corporations can eliminate
the banks as "middlemen" in the transactions. Without the intermediaries, the borrowing
process becomes more efficient and less expensive.
✔✔If a person starts investing money at the age of 27 at 3% of $40,000, and another
person starts investing at the age of 50 at 3% of $55,000, who will have more money at
