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. 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.






2. A general and progressive increase in prices






3. Total assets minus total liabilities






4. Total assets minus total liabilities






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






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






7. 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






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






9. Profits paid to investors






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






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






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






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






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






15. An exchange that occurs as a compromise






16. 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






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






18. An accounting entry acknowledging income or capital items






19. Someone who lends money at excessive rates of interest






20. An obligation to pay money to another party






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






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






23. The extent to which something is covered






24. The extent to which something is covered






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






26. Something of value; a resource; an advantage






27. The process of making a decision - usually complex






28. Anything that is used to produce goods or services






29. Preparing a plan for transferring property during one's lifetime and at one's death






30. Protection against future loss






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






32. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






34. The economical needs of an individual






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






36. 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






37. Certificates that represent money the government has borrowed from private citizens






38. Concern for ones own well being and advantages






39. Compute credits and debits of an account






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






41. 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






42. A specific plan for spending your income






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






44. Having honest intentions






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






46. The apparent worth as opposed to the real worth






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






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






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






50. Making money for owning something