Wise Test Wise Multi-Currency Account Features 2

Question 1

How many currencies can a Wise multi-currency account hold simultaneously?

Accepted Answer

Over 40 currencies

Answer

Wise allows you to hold and manage balances in over 40 different currencies within a single account.

Question 2

Which of the following best describes the Wise mid-market exchange rate?

Accepted Answer

The midpoint between buy and sell rates with no markup

Answer

The mid-market rate is the midpoint between global buy and sell prices for a currency, and Wise applies it without adding a markup.

Question 3

What happens to your Wise balance when you convert currency within the app?

Accepted Answer

The source currency balance decreases and the target currency balance increases instantly

Answer

Converting currency in Wise immediately debits the source balance and credits the target currency balance in your account.

Question 4

Can a Wise multi-currency account receive international wire transfers (SWIFT) in USD?

Accepted Answer

Yes, using Wise's US bank details including a routing and account number

Answer

Wise provides local US bank details (routing number and account number) so you can receive USD via domestic ACH or wire transfers.

Question 5

Which statement about Wise account balances and interest is correct?

Accepted Answer

Standard Wise balances do not earn interest unless placed in Assets

Answer

Standard Wise currency balances do not earn interest; to earn returns, users must opt into Wise Assets (available in select regions).

Wise Practice Test