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 amount accruing to the corporations owners

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2. The process of managing one's assets and wealth






3. A record of checks written and deposits made in a checking account - kept by the depositor






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






5. Receiving money for loaning money






6. 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.






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






8. A loan backed by something valuable - such as property






9. A delay in enforcing rights or claims or privileges






10. Short-term and Long-term objectives that are driven by values.






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






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






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






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






15. 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.






16. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






17. 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






18. The act of taking out money or other capital






19. Place to create a savings account.






20. The rights of an individual to own - use - rent - invest in - buy - and sell property.






21. The money(usually a set amount) given to an individual to spend






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






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






24. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






25. 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






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. Income before taxes






28. The extent to which something is covered






29. Someone who has insufficient assets to cover their debts






30. A business activity that changes assets - liabilities - or owner's equity






31. Whatever must be given up to obtain some item






32. A specific plan for spending your income






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






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






35. 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






36. A bond with zero discounts






37. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






38. Production of a certain amount






39. An institution that issues something (securities or publications or currency etc.)






40. The process of making a decision - usually complex






41. The financial gain (earned or unearned) accruing over a given period of time






42. The money paid for employee services






43. A debt; something disadvantageous






44. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






45. A record of checks written and deposits made in a checking account - kept by the depositor






46. A share set aside for a specific purpose






47. A fixed charge for borrowing money






48. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






49. A specific plan for spending your income






50. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid