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






2. A legal document declaring a person's wishes regarding the disposal of their property when they die






3. An accounting entry acknowledging income or capital items






4. The act of lending money at an exorbitant rate of interest






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






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






7. A general and progressive increase in prices






8. A financial statement that gives operating results for a specific period






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






10. Payment for insurance






11. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






12. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






14. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






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






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






18. A penalty for making a payment after the due date






19. The amount accruing to the corporations owners

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


20. Loan with equal number of payments of the same amount over a fixed period of time.






21. An obligation to pay money to another party






22. The amount accruing to the corporations owners

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


23. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






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






25. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






27. A share set aside for a specific purpose






28. The act of lending money at an exorbitant rate of interest






29. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






30. The percentage of a sum of money charged for its use






31. Something of value; a resource; an advantage






32. Limited quantities of resources to meet unlimited wants






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






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






35. An exchange that occurs as a compromise






36. Funds that are often times traded through a stock exchange (NYSE)






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






38. The amount of tax owed






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






40. 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






41. A yearly statement of the financial condition - progress - and expectations of an organization






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






43. Concern for ones own well being and advantages






44. Anything that is used to produce goods or services






45. 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.






46. Maintain by writing regular records






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






48. A general and progressive increase in prices






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






50. The outcome of an event especially as relative to an individual