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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Stock other than preferred stock
Wage
Common Stock
Income Statement
Profit
2. The process of making a decision - usually complex
Consequence
Billing Statement
Face Value
Decison-making
3. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Secured Loan
Expenses
Inflation
4. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Interest
Stock Table
Stock Symbol
Transfer Payments
5. A person appointed by a testator to carry out the terms of the will
Maintain
401 K
Executor
APR
6. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Transaction
Premium
Predatory Lending
Billing Statement
7. Electronic Funds Transfer
Stocks
APR
Personal Allowances
EFT
8. Short-term and Long-term objectives that are driven by values.
Disclosure
Beneficiary
Financial Goals
Time value of money
9. Institution that functions much like a business - but does not operate for the purpose of generating profits
Resources
Annual Report
Nonprofit Organization
Retirement Planning
10. The date on which a financial obligation must be repaid
Zero-Coupon Bond
Gross Income
Maturity Date
Asset Allocation
11. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Unsecured Loan
Mortage
Debt Consolidation
Adjusted Gross Income
12. Financial organization that pools people's money and invests it
Foreclosure
Fixed-Rate Loan
Maintain
Mutual Funds
13. Profits paid to investors
Credit
Total Debt
dividends
Checkbook Register
14. Bring into consonance or accord - to agree on terms
Installment Loan
401 K
Reconcile
Time value of money
15. Concern for ones own well being and advantages
Yield
Savings Register
Forbearance
Self-Interest
16. Money paid to a worker
1040 tax form
Bond Rating
Wage
I-9
17. A financial statement that gives operating results for a specific period
Decison-making
Predatory Lending
dividends
Income Statement
18. A debt; something disadvantageous
Issuer
Self-Interest
Liability
Consequence
19. Someone who lends money at excessive rates of interest
Foreclosure
Reconcile
Bank Statement
Loan Shark
20. The act of lending money at an exorbitant rate of interest
Stock Exchanges
Financial Goals
Securities
Usury
21. An exchange that occurs as a compromise
Trade-off
Mutual Funds
Income Statement
Present Value
22. Loan with equal number of payments of the same amount over a fixed period of time.
Reconcile
Installment Loan
Annual Report
Transaction Fee
23. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Secured Debt
Stockholders' Equity
EDGAR
EDGAR
24. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Cash
Cannibalizing assets
Exemption
Decison-making
25. The time interval between the deposit of a check in a bank and its payment
Vesting
Float
Decison-making
Wage
26. Income before taxes
Reconcile
Direct Car Loan
Gross Income
Balance
27. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Float
On-Boarding
Market Capitalization
Lien
28. The standard IRS form for individual tax returns.
1040 tax form
Return
Maturity Date
Secured Debt
29. A legal document declaring a person's wishes regarding the disposal of their property when they die
Coverage
Return
Will
Issuer
30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Billing Statement
Total Debt
Deductions
Maturity Date
31. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Reconcile
Deduction
Savings Account
Predatory Lending
32. A yearly statement of the financial condition - progress - and expectations of an organization
Risk
Annual Report
Balance Sheet
Tax Liability
33. Financial organization that pools people's money and invests it
1040 EZ tax form
Mutual Funds
Exemptions
Income
34. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Market Capitalization
Statement of Cash Flows
Saving
Ownership Investments
35. All costs or bills related to the business
Expenses
Pension
1040 EZ tax form
Predatory Lending
36. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Net Worth
dividends
APR
401 K
37. Production of a certain amount
Yield
Balance Sheet
Adjustable-Rate Loan
Asset
38. An evaluation by a rating company of the probability that a particular bond issue will default
Maintain
Opportunity Cost
Bond Rating
Will
39. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Cannibalizing assets
Net Income
Insolvent
Salary
40. Certificates that represent money the government has borrowed from private citizens
Collectibles
Pension
Bonds
Disclosure
41. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Rent
Beneficiary
Inflation
42. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Savings Account
Exemptions
Bonds
43. Maintain by writing regular records
Common Stock
Will
Maintain
Cannibalizing assets
44. Whatever must be given up to obtain some item
Statement of Cash Flows
Shares Outstanding
Forbearance
Opportunity Cost
45. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies
Interest
Foreclosure
EDGAR
401 K
46. The amount of tax owed
Tax Liability
Risk
Probate
401 K
47. Financial reports that summarize the financial condition and operations of a business
Consequence
Financial Statements
Incentives
Total Assets
48. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
On-Boarding
Values
Securities
On-Boarding
49. The extent to which something is covered
Asset Allocation
Present Value
Transaction
Coverage
50. The act of lending money at an exorbitant rate of interest
Taxable Income
Usury
I-9
Premium