Test your basic knowledge |

Wealth Management

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. The standard IRS form for individual tax returns.






2. An extra charge for various credit activities such as using an ATM or receiving a cash advance






3. Maintain by writing regular records






4. Receiving money for loaning money






5. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






6. The recipient of funds or other benefits






7. A debt; something disadvantageous






8. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






9. The distribution of investment funds among broad classes of assets.






10. Concern for ones own well being and advantages






11. Bring into consonance or accord - to agree on terms






12. Financial organization that pools people's money and invests it






13. A loan in which the rate can be altered to adjust to economical need






14. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






15. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






16. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






17. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






18. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






19. Making money for owning something






20. The act of reducing the selling price of merchandise






21. Grant use or occupation of under a term of contract






22. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






23. The value of a security that is set by the company issuing it






24. An evaluation by a rating company of the probability that a particular bond issue will default






25. An amount that credit card companies can charge for the use of a credit card.






26. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






28. A debt not backed by specific property to satisfy the indebtedness in case of default.






29. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






30. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






31. Someone who lends money at excessive rates of interest






32. Profits paid to investors






33. The maximum credit that a customer is allowed






34. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






35. Income before taxes






36. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






37. All costs or bills related to the business






38. Is your gross income after certain reductions have been made






39. The standard IRS form for individual tax returns.






40. Give back (tax return)






41. Loan deal in which the actual lender may not be known to the borrower.






42. Institution that functions much like a business - but does not operate for the purpose of generating profits






43. The time interval between the deposit of a check in a bank and its payment






44. A long-term loan extended to someone who buys property






45. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






46. The apparent worth as opposed to the real worth






47. Bring into consonance or accord - to agree on terms






48. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






49. An exchange that occurs as a compromise






50. A bond with zero discounts