Wise Test 2026 Questions & Answers | 100% Correct | Verified (Complete And Verified Study material) (4pages) LEARNEXAMS

When a person brings an item to a pawnshop to obtain cash, the transaction is considered - ✔✔a collateralized loan. To qualify for a Federal Housing Administration (FHA) loan, a person must generally - ✔✔fulfill income guidelines. A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take? - ✔✔Notify the credit card companies in order to negotiate a new payment plan. Which of the following is considered to be open-end credit? - ✔✔Department store charge cards. What is meant by an uncollateralized loan? - ✔✔A personal loan without assets to cover the loan amount. Which of the following does the Federal Reserve use to regulate the nation's money supply? - ✔✔Monetary policy Money for saving, investing, or spending cannot be from: - ✔✔Capital losses from the sale of stock Jami lost her debit card. She did not report it missing for 3 months. If an unauthorized person used her debit card, her maximum liability is: - ✔✔Unlimited liability Susan gives Marie her ABC Credit Union debit card and personal identification number (PIN) so Marie could get $25 from Susan's bank account. Marie withdrew $100 instead of the agreed to $25. How can Susan get the $75 back? - ✔✔No bank or government agency is obligated to reimburse Susan because she authorized Marie to use her ATM card and PIN