WISE 100% CORRECT 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
◍ ABA number. Answer: The upper number in the numerical fraction
of the check routing number.
◍ Automatic bill payment services. Answer: Routine, automated
payments made from a banking, brokerage or mutual fund account to
vendors.
◍ Bank. Answer: A commercial institution licensed as a receiver of
deposits.
◍ Bank statement. Answer: A record, usually sent to the account
holder once per month, summarizing all transactions in an account
during the time from the previous statement to the current statement.
◍ Bounced check. Answer: A check written for an amount more than
in your account
◍ Car loan. Answer: A personal loan to purchase an automobile
◍ Cash loan. Answer: A loan given to you in cash.
, ◍ Cashier's check. Answer: A check that a bank draws on its own
funds.
◍ Certificate of Deposit (CD). Answer: A type of savings certificate
issue in exchange for a specified minimum deposit (earns low interest
but it is considered a safe investment....no risk).
◍ Certified check. Answer: A check containing certification that the
person who issued the check has sufficient funds on deposit to cover
payment.
◍ Check cashing centers. Answer: A business that will cash a check
for a fee.
◍ Check fraud. Answer: A check or another negotiable instrument
that has been materially and maliciously altered to effect a fraud.
Usually either the name of the payee or the amount of the check is
changed. (altered check)
◍ Check number. Answer: The numerals written or printed on the
upper right-hand corner of a check
◍ Check stub. Answer: A form attached to a check on which a
depositor keeps a record of the checks written and any current
deposit.
WITH SOLUTIONS GRADED A+
◍ ABA number. Answer: The upper number in the numerical fraction
of the check routing number.
◍ Automatic bill payment services. Answer: Routine, automated
payments made from a banking, brokerage or mutual fund account to
vendors.
◍ Bank. Answer: A commercial institution licensed as a receiver of
deposits.
◍ Bank statement. Answer: A record, usually sent to the account
holder once per month, summarizing all transactions in an account
during the time from the previous statement to the current statement.
◍ Bounced check. Answer: A check written for an amount more than
in your account
◍ Car loan. Answer: A personal loan to purchase an automobile
◍ Cash loan. Answer: A loan given to you in cash.
, ◍ Cashier's check. Answer: A check that a bank draws on its own
funds.
◍ Certificate of Deposit (CD). Answer: A type of savings certificate
issue in exchange for a specified minimum deposit (earns low interest
but it is considered a safe investment....no risk).
◍ Certified check. Answer: A check containing certification that the
person who issued the check has sufficient funds on deposit to cover
payment.
◍ Check cashing centers. Answer: A business that will cash a check
for a fee.
◍ Check fraud. Answer: A check or another negotiable instrument
that has been materially and maliciously altered to effect a fraud.
Usually either the name of the payee or the amount of the check is
changed. (altered check)
◍ Check number. Answer: The numerals written or printed on the
upper right-hand corner of a check
◍ Check stub. Answer: A form attached to a check on which a
depositor keeps a record of the checks written and any current
deposit.
