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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. Receiving money for loaning money
FICA
Lending Investments
Balance Sheet
Annual Fee
2. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Balance
Estate Planning
Retirement Planning
3. A periodic statement prepared by a bank for each client
Probate
Annual Report
Bank Statement
Return
4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Usury
Present Value
Vesting
Net Income
5. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Salary
Total Debt
Phishing
Incentives
6. An evaluation by a rating company of the probability that a particular bond issue will default
Unsecured Loan
Profit
Cash
Bond Rating
7. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Money Market Accounts
Personal Allowances
Identity Theft
Exemption
8. The amount of tax owed
Wage
Forbearance
Financial Needs
Tax Liability
9. Stock other than preferred stock
Resources
Adjusted Gross Income
Insolvent
Common Stock
10. A loan backed by something valuable - such as property
Estate Planning
Financial Statements
Secured Loan
Taxable Income
11. 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
Exemptions
Statement of Cash Flows
Bankruptcy
Total Assets
12. Whatever must be given up to obtain some item
APR
Opportunity Cost
Bond Rating
Net Income
13. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Phishing
Maintain
Unsecured Debt
14. Place to create a savings account.
Savings Register
1040 tax form
APR
Liability
15. A long-term loan extended to someone who buys property
Coupon Rate
Deductible
Mortage
Present Value
16. Items of personal interest to collectors that can increase in value in the future
EFT
Collectibles
Identity Theft
Yield
17. The act of lending money at an exorbitant rate of interest
On-Boarding
Bankruptcy
Usury
Money Market Accounts
18. Diagnosis Codes (in CCB Popup if more then 5 codes)
Estate Planning
Market Capitalization
Balance Sheet
I-9
19. The apparent worth as opposed to the real worth
Withdrawal
APR
Money Market Accounts
Face Value
20. Making money for owning something
Exemptions
Consequence
Net Income
Ownership Investments
21. The distribution of investment funds among broad classes of assets.
Deduction
Asset Allocation
Overdraft protection
Estate Planning
22. A general and progressive increase in prices
Inflation
Income
Payday Loan
Securities
23. A bank account that accumulates interest
Present Value
Savings Account
Certificates of Deposit
Zero-Coupon Bond
24. Someone who lends money at excessive rates of interest
Loan Shark
Phishing
Will
Transaction
25. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Yield
Distribution
Debit
26. An automatic loan made to you if you write a check for more money than you have in your account
Wage
Wealth Management
Overdraft protection
Maintain
27. Financial organization that pools people's money and invests it
Tax Liability
Deductible
Mutual Funds
Checkbook Register
28. The outcome of an event especially as relative to an individual
Financial Statements
Stock Symbol
Exemption
Consequence
29. Prompt payment for goods or services in currency or by check
Credit
Transfer Payments
Financial Needs
Cash
30. The amount accruing to the corporations owners
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31. The process of managing one's assets and wealth
Wealth Management
Unsecured Loan
Exchange-Traded Funds
Vesting
32. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Executor
Payday Loan
Exemptions
Distribution
33. The period covered by a salary payment
Interest Rate
Certificates of Deposit
Pay Period
Tax Liability
34. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Consequence
Unsecured Loan
Property Rights
Personal Budget
35. A fixed charge for borrowing money
Coupon Rate
Net Income
Interest
Will
36. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Consequence
Coupon Rate
401 K
Issuer
37. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
I-9
Foreclosure
Scarcity
Coverage
38. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Secured Loan
Loan
Return
Identity Theft
39. Bring into consonance or accord - to agree on terms
Expenses
Savings Register
Ownership Investments
Reconcile
40. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Par Value
Retirement Planning
Loan Shark
41. An act of economizing
Saving
Wage
Opportunity Cost
Executor
42. Total assets minus total liabilities
Interest
Deduction
Net Worth
Annual Fee
43. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Tax Liability
On-Boarding
Personal Budget
Shares Outstanding
44. The standard IRS form for individual tax returns.
Exchange-Traded Funds
1040 tax form
Investing
Deposit
45. Certificates that represent money the government has borrowed from private citizens
Personal Budget
Total Assets
Bonds
Loan Shark
46. An accounting entry acknowledging sums that are owing
Overdraft protection
Fixed-Rate Loan
W-4
Debit
47. All costs or bills related to the business
Exemption
Inflation
Retirement Planning
Expenses
48. Income before taxes
Gross Income
Interest Rate
Usury
On-Boarding
49. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Deduction
Decison-making
Financial Statements
50. The percentage of a sum of money charged for its use
Interest Rate
Resources
Asset Allocation
Profit