WISE Certification Study Guide – Complete Questions with All Correct Answers

WISETESTREVIEW-
50QUESTIONSWITHTHECORREC
TRESPONSES
A credit card is issued to John and Maria Davis. This month, John charges $100 and M
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aria makes no charges. When the bill is received who is legally responsible for paying t
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he $100 - correct answer-Both John and Maria
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A factor that can cause the price of a stock to DECREASE is the company -
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correct answer-lowering its expectations of future earnings.
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A good financial goal should - correct answer-be achievable in five years.
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A landlord never received the rent check sent by the renter two weeks ago. What is the
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first action the renter should take - correct answer-
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Contact the bank to find out if the check was cashed.
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A major reason that corporations issue stock is to - correct answer-
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raise money to expand business activities.
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A person has been contributing regularly to her company's 401(k) plan. She decides to
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leave the company. It would be financially advisable for her to - correct answer-
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move the money from the 401(k) plan into another qualified retirement plan
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A person is looking at his budget to find ways to invest more money. It would be best for
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him to - correct answer-reduce this variable expenses.
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A person may need to have liquid assets when - correct answer-
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there is an emergency need for cash
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A person receives $200 from an uncle for graduation. This money is considered -
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correct answer-a gift.
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A person wants to buy stock in McDonald's. Before buying the stock it is important that
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the person consider the - correct answer-company's potential for making money.
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A person wants to open a bank account in his name. He will be required to give the ban
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k - correct answer-a state or federal-issued picture identification.
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A person's gross pay for this month is $4,000. Why should his monthly budget be less t
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han $4,000 - correct answer-
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Taxes are taken out of his gross pay, reducing the amount of money he takes home
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