WISE EXAM 2025/2026 QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
a good reason to have a credit card is that it allows the person to
Ans: not have to carry large amounts of cash
Quiz: uses his bank ATM card at his local grocery store's ATM that charges a 3.00 fee for each transaction. he
uses this ATM machine
sometimes a month. This practice should be
Ans: no because the person is spending money unnecessarily and
increasing the chance of identity theft
Quiz: companies are likely to place drivers in the "assigned risk pool" if they over age 65
Ans: have several recent accidents
Quiz: rosario hill's loan payment will be received by the bank on june therefore the correct payment is
Ans: 342.56
Quiz: which dollar amount shown on the statement will definitley .... rosario hill makes her monthly
payment?
Ans: late charges
Quiz: based on this statement, how much interest has Rosario loan this year?
Ans: 932.27
Quiz: This girl saw an error when reviewing her credit report. What should she do?
Ans: send the error to her creditors
, WISE EXAM 2025/2026 QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
Quiz: identity theft a person should not provide his social security number over the phone unless
Ans: the call to the organization where he has an account
Quiz: how can a person improve their credit score
Ans: pay the amount he owes on his credit cards
Quiz: uses a debit card to make a purchase, the amount of the purchase is
Ans: from the person's bank account balance at the time of the sale
Quiz: been contributing regularly to her company's 401k plan . she decides to leave the company. it would be
financially advisable.
Ans: the money from the 401k plan and use it as an emergency fund
Quiz: applying for a 20 year old bank mortgage in order to purchase a house. When will this person become
the sole owner of the home.
Ans: the mortgage payments have been made
Quiz: individuals and corporations contribute so generously to charitable organizations?
Ans: charitable organizations raise credit scores
Quiz: for owning rather then renting a home is that owning a home usually
Ans: tax deductions and builds financial equity
Quiz: shares of stock at 10$ a share for a total of 400$. she sells the 40 shares at 20$ a share for a total of $800.
ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
a good reason to have a credit card is that it allows the person to
Ans: not have to carry large amounts of cash
Quiz: uses his bank ATM card at his local grocery store's ATM that charges a 3.00 fee for each transaction. he
uses this ATM machine
sometimes a month. This practice should be
Ans: no because the person is spending money unnecessarily and
increasing the chance of identity theft
Quiz: companies are likely to place drivers in the "assigned risk pool" if they over age 65
Ans: have several recent accidents
Quiz: rosario hill's loan payment will be received by the bank on june therefore the correct payment is
Ans: 342.56
Quiz: which dollar amount shown on the statement will definitley .... rosario hill makes her monthly
payment?
Ans: late charges
Quiz: based on this statement, how much interest has Rosario loan this year?
Ans: 932.27
Quiz: This girl saw an error when reviewing her credit report. What should she do?
Ans: send the error to her creditors
, WISE EXAM 2025/2026 QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
Quiz: identity theft a person should not provide his social security number over the phone unless
Ans: the call to the organization where he has an account
Quiz: how can a person improve their credit score
Ans: pay the amount he owes on his credit cards
Quiz: uses a debit card to make a purchase, the amount of the purchase is
Ans: from the person's bank account balance at the time of the sale
Quiz: been contributing regularly to her company's 401k plan . she decides to leave the company. it would be
financially advisable.
Ans: the money from the 401k plan and use it as an emergency fund
Quiz: applying for a 20 year old bank mortgage in order to purchase a house. When will this person become
the sole owner of the home.
Ans: the mortgage payments have been made
Quiz: individuals and corporations contribute so generously to charitable organizations?
Ans: charitable organizations raise credit scores
Quiz: for owning rather then renting a home is that owning a home usually
Ans: tax deductions and builds financial equity
Quiz: shares of stock at 10$ a share for a total of 400$. she sells the 40 shares at 20$ a share for a total of $800.
