Wise Remediation Study Questions 2025

What does a will do?

• Helps avoid taxes

• Explains how to apply for a loan

• Tells what happens to your money/assets when you die

• Determines your credit score

If your debit card is lost or stolen, you should:

• Wait 24 hours

• Notify your bank immediately

• Withdraw all your money

• Call the IRS

What does "net worth" mean?

• Your income

• Assets + Liabilities

• Assets - Liabilities

• Your credit score

A stock expected to grow faster than average is called:

• Blue chip

• Common stock

• Growth stock

• Value stock

A "blue chip stock" is best described as:

• New and risky

• Has a long history of making money

• Government-backed

• Stocks under $5

Why do companies sell bonds?

• To avoid taxes

• To pay off employees

• To borrow money

• To raise stock prices

Combining all debt is called:

• Bankruptcy

• Liquidation

• Consolidation

• Default

Renters insurance is used to:

• Protect your landlord

• Lower your rent

• Protect your possessions

• Cover car insurance

How many months of expenses should an emergency fund cover?

• 1 month

• 2–4 months

• 3–6 months

• 12 months

What is an example of an asset?

• Student loan

• House

• Credit card debt

• Income tax