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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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 penalty for making a payment after the due date
SEC Filings
Predatory Lending
Stock Exchanges
Late Fee
2. A debt not backed by specific property to satisfy the indebtedness in case of default.
Stockholders' Equity
Credit
Unsecured Debt
Secured Debt
3. A legal document declaring a person's wishes regarding the disposal of their property when they die
Market Capitalization
Preferred Stock
Predatory Lending
Will
4. A periodic statement prepared by a bank for each client
Inflation
Investing
Maturity Date
Bank Statement
5. Anything that is used to produce goods or services
Opportunity Cost
Maturity Date
Resources
Billing Statement
6. Protection against future loss
Financial Goals
Insurance
Usury
Bonds
7. Money paid to a worker
Fixed-Rate Loan
Saving
Incentives
Wage
8. The period covered by a salary payment
Late Fee
Income Statement
Living Trust
Pay Period
9. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Deposit
Expenses
Scarcity
10. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Installment Loan
Lending Investments
Annual Report
11. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Estate Planning
Foreclosure
Predatory Lending
Deductions
12. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Liability
Collectibles
Lending Investments
Unsecured Loan
13. Short-term and Long-term objectives that are driven by values.
Direct Car Loan
Liability
Common Stock
Financial Goals
14. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Installment Loan
Scarcity
Statement of Cash Flows
Pay Period
15. Institution that functions much like a business - but does not operate for the purpose of generating profits
Stock Symbol
Nonprofit Organization
Financial Goals
Loan Shark
16. An accounting entry acknowledging sums that are owing
Decison-making
Bankruptcy
Debit
Property Rights
17. 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.
Personal Budget
Saving
Predatory Lending
APR
18. The right to take another's property if an obligation is not discharged
Lien
APR
Risk
Float
19. A bank account that accumulates interest
Consequence
Savings Account
Stock Table
Pay Period
20. An accounting entry acknowledging sums that are owing
Income
Reconcile
Float
Debit
21. A financial statement that gives operating results for a specific period
Credit
Income Statement
Annual Report
Annual Report
22. Funds that are often times traded through a stock exchange (NYSE)
Issuer
Yield
Lien
Exchange-Traded Funds
23. The amount accruing to the corporations owners
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24. Compute credits and debits of an account
Incentives
Line of Credit
1040 tax form
Balance
25. A record of checks written and deposits made in a checking account - kept by the depositor
Exemptions
Checkbook Register
dividends
Annual Report
26. All costs or bills related to the business
Expenses
Zero-Coupon Bond
Financial Institution
Distribution
27. Loan with equal number of payments of the same amount over a fixed period of time.
Wealth Management
Coverage
Installment Loan
Annual Fee
28. Total assets minus total liabilities
1040 tax form
Net Worth
Coupon Rate
Taxable Income
29. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Bonds
Tax Liability
Identity Theft
Exemption
30. Stock other than preferred stock
Installment Loan
Common Stock
Allocation
Interest Rate
31. A general and progressive increase in prices
Securities
Collectibles
Scarcity
Inflation
32. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Compound Interest
Collectibles
Insurance
On-Boarding
33. Give back (tax return)
Foreclosure
Line of Credit
Return
Total Debt
34. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Savings Register
Personal Budget
Balance Sheet
Saving
35. 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.
Balance
Present Value
Predatory Lending
Will
36. The amount of tax owed
Transaction Fee
Transfer Payments
I-9
Tax Liability
37. Income before taxes
Values
Gross Income
Billing Statement
1040 tax form
38. The act of reducing the selling price of merchandise
Opportunity Cost
Deduction
Loan
Mutual Funds
39. A loan where the payment is acheived through interest
Financial Needs
Deductions
Interest-Only Loan
Present Value
40. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Credit
Market Capitalization
Pay Period
41. 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.
Transfer Payments
Retirement Planning
Unsecured Debt
Personal Allowances
42. Bring into consonance or accord - to agree on terms
Reconcile
Trade-off
Financial Institution
Billing Statement
43. The commercial activity of transporting and selling goods from a producer to a consumer
Statement of Cash Flows
Distribution
Par Value
Wealth Management
44. Electronic Funds Transfer
Net Income
EFT
Interest-Only Loan
Exemptions
45. A payment given as a guarantee that an obligation will be met
Total Debt
On-Boarding
Gross Income
Deposit
46. The act of lending money at an exorbitant rate of interest
Adjustable-Rate Loan
Disclosure
Usury
Good Faith
47. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Maturity Date
Net Worth
Decison-making
48. Certificates that represent money the government has borrowed from private citizens
Bonds
Distribution
Interest
Financial Needs
49. The distribution of investment funds among broad classes of assets.
Inflation
Exchange-Traded Funds
EDGAR
Asset Allocation
50. The recipient of funds or other benefits
Nonprofit Organization
Personal Allowances
Beneficiary
Liability