Wise Test Review Questions |75 Questions| With Correct Answers.

A person who wants to be FDIC insured, will probably deposit the money in a {Ans: certificate of deposit (CD) at a Bank}Which investment would a person choose today of she believes that intrest rates will rise? {Ans: A short Term Bond ( a person will have money avaibale in the short term to invest in a financial product paying a higher intrest rate)}what does the consumer need to consider when applying for a variable interest rate mortage? {Ans: The possiblity of intrest rates in creasing in the future}A benefit of establishing a College Savings 529 Plan is that it {Ans: can be used to pay for college in any state (The funds in a 529 plan funds can be used for college in any state. It is an educational savings plan operated by a state t help families save money for futuer college}Once responsibility of the securities and exchange commission (SEC) is to {Ans: bring legal action against abusive investing practices}Which of the following best describes diversification {Ans: risk by investing in different types of securities}