Wise Practice Test

What kind of income can you earn at a commercial bank?

• Wage

• Dividend

• Interests

• Capital Gain

Which of the following would be considered as an asset?

• credit card account

• checking account

• car loan

• student loan

Pay yourself first is a strategy of...

• revise goals

• make impulse purchases

• create a budget

• build savings

what are two types of insurance

• general and fixed

• whole and term

• annual and tax

• savings and loans

what does a debit card do?

• pay for purchase directly from checking or savings account

• pays for it later

• pays for it before

• dont pay for it at all.

you have to sign up for Overdraft Protection before you use it

• True

• False

A pension does not comes from retirement by the employer

• True

• False

You go to the doctor and have to pay 50$ , what is that?

• pre payment

• payment

• co-pay

If you deposit money over 10,000 the bank must send it to?

• IRS

• FED

• FDIC

what does IRS mean?

• International Revenue Service

• Internal Revenue Service

• Insurance Recreation Service