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Wise practice test Credit Exam Questions with 100% Correct Answers
Wise practice test Credit Exam Questions 
with 100% Correct Answers 
When a person declares bankruptcy that fact will appear on the person?s credit report - 
answerB: for a 10 year period. 
uestion 2 : 
A person has three credit cards with very large outstanding balances and is unable to make 
payments on any of them. Which action should the person take? - answerC: Notify the credit 
card companies in order to negotiate a new payment plan. 
Question 3 : Which of the following is considered to be...
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Wise practice test Credit Exam Questions 
with 100% Correct Answers 
When a person declares bankruptcy that fact will appear on the person?s credit report - 
answerB: for a 10 year period. 
uestion 2 : 
A person has three credit cards with very large outstanding balances and is unable to make 
payments on any of them. Which action should the person take? - answerC: Notify the credit 
card companies in order to negotiate a new payment plan. 
Question 3 : Which of the following is considered to be...
Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025
Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
Which of the following does the Federal Reserve use to regulate the nation's money supply? - 
answerC: Monetary policy 
R:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary 
policy is directed at expanding or contracting the supply of money and credit in the U.S. 
economy. 
A cash card generally: - answerB: Is purchased with a specific amount of money that can be 
used to pay for goods...
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Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
Which of the following does the Federal Reserve use to regulate the nation's money supply? - 
answerC: Monetary policy 
R:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary 
policy is directed at expanding or contracting the supply of money and credit in the U.S. 
economy. 
A cash card generally: - answerB: Is purchased with a specific amount of money that can be 
used to pay for goods...
Banking Wise Practice Test Exam Questions with 100% Correct Answers 2024
Banking Wise Practice Test Exam Questions 
with 100% Correct Answers 2024 
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - 
answerUS Treasury Department- In order to track large deposits, the federal government 
requires that deposits of $10,000 or more be reported to the Treasury Department. Some 
concerns may be that a person might be trying to avoid paying taxes on game winnings or 
perhaps illegal gains 
The National Credit Union Administration ...
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Banking Wise Practice Test Exam Questions 
with 100% Correct Answers 2024 
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - 
answerUS Treasury Department- In order to track large deposits, the federal government 
requires that deposits of $10,000 or more be reported to the Treasury Department. Some 
concerns may be that a person might be trying to avoid paying taxes on game winnings or 
perhaps illegal gains 
The National Credit Union Administration ...
WISE- Practice Test #7- Money Management Exam Questions With 100% Correct Answers 2024/2025
WISE- Practice Test #7- Money Management 
Exam Questions With 100% Correct 
Answers 2024/2025 
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the 
A. better off financially the person is. 
B. worse off financially the person is. 
C. more liquid assets the person has. 
D. less liquid assets the person has. - answerCorrect Answer A 
Reason Since the debt ratio is calculated by dividing liabilities by net worth, the lower the debt 
ratio the better; th...
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WISE- Practice Test #7- Money Management 
Exam Questions With 100% Correct 
Answers 2024/2025 
A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the 
A. better off financially the person is. 
B. worse off financially the person is. 
C. more liquid assets the person has. 
D. less liquid assets the person has. - answerCorrect Answer A 
Reason Since the debt ratio is calculated by dividing liabilities by net worth, the lower the debt 
ratio the better; th...
Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025
Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
To qualify for a Federal 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. - answerCorrect Answer C 
Reason The Federal Housing Administration (FHA) insures lenders who make mortgage loans 
that are riskier than regular bank loans be...
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Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
To qualify for a Federal 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. - answerCorrect Answer C 
Reason The Federal Housing Administration (FHA) insures lenders who make mortgage loans 
that are riskier than regular bank loans be...
Wise Practice Test – Insurance Exam Questions With 100% Correct Answers 2024/2025
Wise Practice Test – Insurance Exam 
Questions With 100% Correct Answers 
2024/2025 
cash value for whole life insurance - answerPolicy that accumulates cash value is more 
expensive than a policy that does not accumulate cash value 
deductible - answerthe amount of money that the policy holder pays when a claim is settled. 
No insurance - answerFirst get insurance against Losses resulting from an illness, accident, 
or disability 
Liability insurance - answerinsurance that provides protection...
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Wise Practice Test – Insurance Exam 
Questions With 100% Correct Answers 
2024/2025 
cash value for whole life insurance - answerPolicy that accumulates cash value is more 
expensive than a policy that does not accumulate cash value 
deductible - answerthe amount of money that the policy holder pays when a claim is settled. 
No insurance - answerFirst get insurance against Losses resulting from an illness, accident, 
or disability 
Liability insurance - answerinsurance that provides protection...
WISE- Practice Test #2 – Investing Exam Questions With 100% Correct Answers 2024/2025
WISE- Practice Test #2 – Investing Exam 
Questions With 100% Correct Answers 
2024/2025 
A pharmacy is to drugs as the American Stock Exchange is to: 
A. Interest 
B. Stock advisors 
C. Securities 
D. Mutual funds - answerC 
Reason 
A pharmacy, run by a licensed pharmacist, is authorized by a state government to fill 
prescription orders. A stock or bond exchange is where registered stockbrokers buy and sell 
securities such as stocks or bonds (fill orders) for investors. Exchanges are similar...
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WISE- Practice Test #2 – Investing Exam 
Questions With 100% Correct Answers 
2024/2025 
A pharmacy is to drugs as the American Stock Exchange is to: 
A. Interest 
B. Stock advisors 
C. Securities 
D. Mutual funds - answerC 
Reason 
A pharmacy, run by a licensed pharmacist, is authorized by a state government to fill 
prescription orders. A stock or bond exchange is where registered stockbrokers buy and sell 
securities such as stocks or bonds (fill orders) for investors. Exchanges are similar...
Wise Practice Test – Taxes
Wise Practice Test – Taxes 
excise tax - answergovernment imposes a tax on specific goods and services such as alcohol, 
cigarettes, gasoline, and airline 
Capital Gains Tax - answerIf held over one year are considered long-term capital gains and 
are taxed at a lower tax rate or in some cases are not taxed at all. 
Financial planning - answerthe process of developing and implementing a coordinated series 
of actions to achieve financial success. 
Social Security - answerbenefits depends on th...
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Wise Practice Test – Taxes 
excise tax - answergovernment imposes a tax on specific goods and services such as alcohol, 
cigarettes, gasoline, and airline 
Capital Gains Tax - answerIf held over one year are considered long-term capital gains and 
are taxed at a lower tax rate or in some cases are not taxed at all. 
Financial planning - answerthe process of developing and implementing a coordinated series 
of actions to achieve financial success. 
Social Security - answerbenefits depends on th...
Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025
Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
For the past five years, a person has had a $20000 whole life insurance policy that has a cash 
value clause. The person decides to surrender the policy. At the time of surrender, the person will 
receive - answerA calculated amount who includes the premiums paid as well as the interest 
on that money. 
A person buys a flat screen, plasma, theater-like television. There person has homeowner's 
insurance. Why would it be app...
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- Exam (elaborations)
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Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
For the past five years, a person has had a $20000 whole life insurance policy that has a cash 
value clause. The person decides to surrender the policy. At the time of surrender, the person will 
receive - answerA calculated amount who includes the premiums paid as well as the interest 
on that money. 
A person buys a flat screen, plasma, theater-like television. There person has homeowner's 
insurance. Why would it be app...
Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025
Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
Which of the following does the Federal Reserve use to regulate the nation's money supply? 
A. Fiscal policy 
B. Proposing legislation 
C. Monetary policy 
D. Regulations - answerC 
Reason 
The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary 
policy is directed at expanding or contracting the supply of money and credit in the U.S. 
economy. In theory, if there is too little money in cir...
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- Exam (elaborations)
- • 5 pages •
Wise Practice Test Exam Questions With 
100% Correct Answers 2024/2025 
Which of the following does the Federal Reserve use to regulate the nation's money supply? 
A. Fiscal policy 
B. Proposing legislation 
C. Monetary policy 
D. Regulations - answerC 
Reason 
The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary 
policy is directed at expanding or contracting the supply of money and credit in the U.S. 
economy. In theory, if there is too little money in cir...
Washington Pesticide Laws and Safety Exam Questions With Correct Answers
Jurisprudence CDRE Exam Questions With 100% Correct Answers
Thought this would have questions to answer. This document is unorganized.
Psych 375 Final EXAM QUESTIONS With 100% Correct Answers
Straighterline Microbiology Final Exam 2024 Questions With 100% Correct Answers
MRSO Exam Prep Questions with 100% Correct Answers 2024