Wise Financial Literacy Test |50 Questions| With Correct Answers.

You can continue to change purchases on your credit card when: {Ans: The amount you owe on the card is below your credit limit}The price of a security may be affected by: {Ans: current events}What should a person do when he believes he is being charged too high a rate of interest for a loan by a lending institution? {Ans: Notify the lending institution about state usury laws}He financial institution where Ms. Sanchez has her checking account will continue to pay out money for the checks she writes as long as: {Ans: There is enough money in Ms. Sanchez's account to cover the amount if the checks}A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to have: {Ans: a budget variance}Predatory lending practices generally include: {Ans: Very high interest rates and fees}