WISE test 15 questions

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Which product is considered to be an investment?

A corporate bond

Before a person borrows money from a bank to make a major purchase, which question is considered most important for the person to answer?

Do the benefits of making the purchase outweigh the costs of borrowing the money?

When securities are traded in the secondary market, who makes or loses money?

Investors

In which situation is a corporation most likely to call (buy back) a bond?

It issued bonds at a 7.5% interest rate, but its current corporate bonds are now being issued at a 5% rate.

A person places $1,000 in an investment that is considered a tax shelter. Because it is a tax shelter the person can expect

immediate tax benefits from the investment.

An example of closed-end credit is a

mortgage

When an unmarried individual makes a contribution to a Roth Individual Retirement Account (IRA) it is

not currently tax deductible.

When an investor buys a zero-coupon bond, the investor

purchases the bond at a discount from the face value of the bond.

A 60-year-old makes a withdrawal from his Roth Individual Retirement Account (IRA). The money withdrawn will be

tax free.


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