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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. Business organizations that accommodate the buying and selling of securities.
Fixed-Rate Loan
Reconcile
Phishing
Stock Exchanges
2. Institution that functions much like a business - but does not operate for the purpose of generating profits
Annual Report
Asset Allocation
Debt Consolidation
Nonprofit Organization
3. A delay in enforcing rights or claims or privileges
Usury
Yield
Retirement Planning
Forbearance
4. Whatever must be given up to obtain some item
Opportunity Cost
Statement of Cash Flows
Interest Rate
EFT
5. An act of economizing
W-4
Saving
Cash
Values
6. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Securities
Transfer Payments
Cannibalizing assets
Personal Budget
7. The amount accruing to the corporations owners
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8. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Overdraft protection
Annual Fee
Debt Consolidation
Preferred Stock
9. A share set aside for a specific purpose
Unsecured Loan
Total Assets
Allocation
Money Market Accounts
10. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Transaction
Liability
Scarcity
On-Boarding
11. Items of personal interest to collectors that can increase in value in the future
Adjusted Gross Income
Collectibles
Net Worth
Stocks
12. An automatic loan made to you if you write a check for more money than you have in your account
Face Value
Billing Statement
Withdrawal
Overdraft protection
13. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
W-4
Exemption
Probate
Net Income
14. Things that incite or spur to action; rewards or reasons for performing a task.
Disclosure
W-4
Incentives
Indirect Car Loan
15. The act of lending money at an exorbitant rate of interest
Exemptions
On-Boarding
Checkbook Register
Usury
16. The process of managing one's assets and wealth
Will
Wealth Management
Interest Rate
Face Value
17. The act of taking out money or other capital
Deductions
Withdrawal
Balance
Stock Exchanges
18. Interest calculated on both the principal and the accrued interest
Lending Investments
Fixed-Rate Loan
Compound Interest
W-4
19. The financial gain (earned or unearned) accruing over a given period of time
Consequence
Income
Financial Goals
Adjusted Gross Income
20. Place to create a savings account.
Mortage
Adjusted Gross Income
Savings Register
Ownership Investments
21. A penalty for making a payment after the due date
Market Capitalization
Net Worth
I-9
Late Fee
22. 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
EDGAR
Billing Statement
Withdrawal
Beneficiary
23. Short-term and Long-term objectives that are driven by values.
Exemptions
Asset Allocation
Financial Goals
Interest-Only Loan
24. A regular payment to a person that iis intended to allow them to subsist without working
Adjusted Gross Income
Predatory Lending
Financial Goals
Pension
25. Something that is made open or revealed
Disclosure
Forbearance
Deduction
Income Statement
26. Electronic Funds Transfer
Interest Rate
EFT
Predatory Lending
Balance Sheet
27. The standard IRS form for individual tax returns.
1040 tax form
Liability
Expenses
Gross Income
28. An institution that issues something (securities or publications or currency etc.)
Mortage
Disclosure
Issuer
Coverage
29. A delay in enforcing rights or claims or privileges
I-9
Forbearance
Probate
Interest Rate
30. Financial organization that pools people's money and invests it
APR
1040 EZ tax form
Vesting
Mutual Funds
31. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Pension
Present Value
Incentives
32. 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
Balance
Unsecured Debt
Identity Theft
Late Fee
33. The process of making a decision - usually complex
1040 EZ tax form
Exemptions
Shares Outstanding
Decison-making
34. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Living Trust
Debt Consolidation
Time value of money
Predatory Lending
35. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Interest Rate
Good Faith
Balance Sheet
Loan Shark
36. The shares available to sell/buy
Coupon Rate
Par Value
Shares Outstanding
Return
37. The process of making a decision - usually complex
Decison-making
Bond Rating
Interest Rate
Deductions
38. Prompt payment for goods or services in currency or by check
Preferred Stock
Cash
Insurance
Par Value
39. 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.
Bankruptcy
Mutual Funds
Loan
Predatory Lending
40. A periodic statement prepared by a bank for each client
Bank Statement
Maturity Date
Probate
Stock Symbol
41. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Cannibalizing assets
Total Assets
Fixed-Rate Loan
Self-Interest
42. Financial organization that pools people's money and invests it
Interest
Statement of Cash Flows
Mutual Funds
Bond Rating
43. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Retirement Planning
Securities
APR
Payday Loan
44. A specific plan for spending your income
Self-Interest
Lending Investments
Transaction Fee
Personal Budget
45. Whatever must be given up to obtain some item
Adjusted Gross Income
Line of Credit
Opportunity Cost
Transaction
46. Can be found in a newspaper and shows information about popular stocks.
Will
Predatory Lending
Stock Table
Values
47. Someone who has insufficient assets to cover their debts
Insolvent
Investing
Overdraft protection
Annual Fee
48. An accounting entry acknowledging sums that are owing
Adjusted Gross Income
Foreclosure
Debit
Bonds
49. A legal document declaring a person's wishes regarding the disposal of their property when they die
Exemption
Time value of money
Late Fee
Will
50. Having honest intentions
Good Faith
Phishing
Mutual Funds
Installment Loan