Wise Practice Exam With Answers m m m m
If you have caused an accident, which type of automobile insurance would cover
m b m b m b m b m b m b m b m b m b m b m b m b
mdamage to your own car? - correct answer-Collision
b m b m b m b m b m b m b mb m b
Matt and Eric are young men. Each has a good credit history. They work at the same
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
company and make approximately the same salary. Matt has borrowed $6,000 to take
m b m b m b m b m b m b m b m b m b m b m b m b m b
a foreign vacation. Eric has borrowed $6,000 to buy a car. Who is likely to pay the
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
lowest finance charge? - correct answer-Eric will pay less because the car is collateral
m b m b m b m b m bmb m b m b m b m b m b m b m b m b m b
for the loan.
m b m b m b
If you went to college and earned a 4-year degree, how much money could you expect
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
mto earn than if you only had a high school diploma? - correct answer-a lot more; about
b m b m b m b m b m b m b m b m b m b m b m b m b mb m b m b m b m b
m70% more.
b m b
Many savings programs are protected by the Federal government against loss. Which
m b m b m b m b m b m b m b m b m b m b m b
of the following is not? - correct answer-A bond issue by one of the 50 states
m b m b m b m b m b m b m b mb m b m b m b m b m b m b m b m b m b
If each of the following persons had the same amount of take home pay, who would
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
mneed the greatest amount of life insurance? - correct answer-A young single woman
b m b m b m b m b m b m b m b m b mb m b m b m b m b
mwith two young children.
b m b m b m b
Which of the following instruments in NOT typically associated with spending? - correct
m b m b m b m b m b m b m b m b m b m b m b m b mb
answer-Certificate of deposit
m b m b m b
Which of the following credit card users is likely to pay the GREATEST dollar amount in
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
finance charges per year, if they all charge the same amount per year on their cards? -
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
correct answer-Jessica, who only pays the minimum amount each month.
m b m b m b m b m b m b m b m b m b m b
Which of the following statements is true? - correct answer-Banks and other lenders
m b m b m b m b m b m b m b m b mb m b m b m b m b
share the credit history of their borrowers with each other and are likely to know of any
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
loan payments that you have missed.
m b m b m b m b m b m b
Doug must borrow $12,000 to complete his college education. Which of the following
m b m b m b m b m b m b m b m b m b m b m b m b
would NOT be likely to reduce the finance charge rate? - correct answer-If he went to a
m b m b m b m b m b m b m b m b m b m b m b m b mb m b m b m b m b m b
state college rather than a private college.
m b m b m b m b m b m b m b
If you had a savings account at a bank, which of the following would be correct
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
mconcerning the interest that you would earn on this account? - correct answer-Income
b m b m b m b m b m b m b m b m b m b m b m b mb m b
mtax may be charged on the interest if your income is high enough
b m b m b m b m b m b m b m b m b m b m b m b m b
If you have caused an accident, which type of automobile insurance would cover
m b m b m b m b m b m b m b m b m b m b m b m b
mdamage to your own car? - correct answer-Collision
b m b m b m b m b m b m b mb m b
Matt and Eric are young men. Each has a good credit history. They work at the same
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
company and make approximately the same salary. Matt has borrowed $6,000 to take
m b m b m b m b m b m b m b m b m b m b m b m b m b
a foreign vacation. Eric has borrowed $6,000 to buy a car. Who is likely to pay the
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
lowest finance charge? - correct answer-Eric will pay less because the car is collateral
m b m b m b m b m bmb m b m b m b m b m b m b m b m b m b
for the loan.
m b m b m b
If you went to college and earned a 4-year degree, how much money could you expect
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
mto earn than if you only had a high school diploma? - correct answer-a lot more; about
b m b m b m b m b m b m b m b m b m b m b m b m b mb m b m b m b m b
m70% more.
b m b
Many savings programs are protected by the Federal government against loss. Which
m b m b m b m b m b m b m b m b m b m b m b
of the following is not? - correct answer-A bond issue by one of the 50 states
m b m b m b m b m b m b m b mb m b m b m b m b m b m b m b m b m b
If each of the following persons had the same amount of take home pay, who would
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
mneed the greatest amount of life insurance? - correct answer-A young single woman
b m b m b m b m b m b m b m b m b mb m b m b m b m b
mwith two young children.
b m b m b m b
Which of the following instruments in NOT typically associated with spending? - correct
m b m b m b m b m b m b m b m b m b m b m b m b mb
answer-Certificate of deposit
m b m b m b
Which of the following credit card users is likely to pay the GREATEST dollar amount in
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
finance charges per year, if they all charge the same amount per year on their cards? -
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
correct answer-Jessica, who only pays the minimum amount each month.
m b m b m b m b m b m b m b m b m b m b
Which of the following statements is true? - correct answer-Banks and other lenders
m b m b m b m b m b m b m b m b mb m b m b m b m b
share the credit history of their borrowers with each other and are likely to know of any
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
loan payments that you have missed.
m b m b m b m b m b m b
Doug must borrow $12,000 to complete his college education. Which of the following
m b m b m b m b m b m b m b m b m b m b m b m b
would NOT be likely to reduce the finance charge rate? - correct answer-If he went to a
m b m b m b m b m b m b m b m b m b m b m b m b mb m b m b m b m b m b
state college rather than a private college.
m b m b m b m b m b m b m b
If you had a savings account at a bank, which of the following would be correct
m b m b m b m b m b m b m b m b m b m b m b m b m b m b m b
mconcerning the interest that you would earn on this account? - correct answer-Income
b m b m b m b m b m b m b m b m b m b m b m b mb m b
mtax may be charged on the interest if your income is high enough
b m b m b m b m b m b m b m b m b m b m b m b m b
