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. A share set aside for a specific purpose






2. 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






3. Interest calculated on both the principal and the accrued interest






4. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






6. Simplified IRS tax form which some individuals can file instead of the 1040 form.






7. By planning ahead you can ensure financial stability during your retirement.






8. All costs or bills related to the business






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






10. An obligation to pay money to another party






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






12. The right to take another's property if an obligation is not discharged






13. A person appointed by a testator to carry out the terms of the will






14. Electronic Funds Transfer






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






16. Things that incite or spur to action; rewards or reasons for performing a task.






17. Total assets minus total liabilities






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






19. Give back (tax return)






20. A periodic statement prepared by a bank for each client






21. A specific plan for spending your income






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






23. The commercial activity of transporting and selling goods from a producer to a consumer






24. A loan that is paid off in a fixed rate over a period of time






25. A regular payment to a person that iis intended to allow them to subsist without working






26. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






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






28. A delay in enforcing rights or claims or privileges






29. Place to create a savings account.






30. An obligation to pay money to another party






31. A fixed charge for borrowing money






32. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






33. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






34. 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.






35. The recipient of funds or other benefits






36. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






37. All costs or bills related to the business






38. Maintain by writing regular records






39. The amount of money you would need to deposit now in order to attain a desired amount in the future






40. Financial reports that summarize the financial condition and operations of a business






41. Whatever must be given up to obtain some item






42. The interest rate that a bond issuer will pay to a bondholder






43. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






44. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






45. Arrangement for deferred payment for goods and services






46. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






47. A bond with zero discounts






48. Income before taxes






49. The amount of tax owed






50. The right to take another's property if an obligation is not discharged