WISE Financial Literacy Certification Practice
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
Question: To qualify for a Federal C: fulfill income guidelines.
Housing 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 A: Will I find a balance between financial
to rewards
investigate the field of finance as a and personal satisfaction from work?
career choice. In deciding about
the
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 D: An ATM transaction
(EFT) is:
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- B: the total amount of money contributed
contribution pension plan which plus
means that upon retirement the investment earnings.
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 A: exempt from state and local taxes.
States
Series EE Savings 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.
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
Question: To qualify for a Federal C: fulfill income guidelines.
Housing 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 A: Will I find a balance between financial
to rewards
investigate the field of finance as a and personal satisfaction from work?
career choice. In deciding about
the
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 D: An ATM transaction
(EFT) is:
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- B: the total amount of money contributed
contribution pension plan which plus
means that upon retirement the investment earnings.
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 A: exempt from state and local taxes.
States
Series EE Savings 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.
