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. The time interval between the deposit of a check in a bank and its payment






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






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






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






5. A debt; something disadvantageous






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






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






8. Receiving money for loaning money






9. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






10. Prompt payment for goods or services in currency or by check






11. The amount of money you would need to deposit now in order to attain a desired amount in the future






12. Concern for ones own well being and advantages






13. The extent to which something is covered






14. Business organizations that accommodate the buying and selling of securities.






15. A bond with zero discounts






16. A loan backed by something valuable - such as property






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






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






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






20. An obligation to pay money to another party






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






22. A delay in enforcing rights or claims or privileges






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






24. An evaluation by a rating company of the probability that a particular bond issue will default






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






26. Income on which tax must be paid; total income minus exemptions and deductions






27. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






28. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






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






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






31. The amount of tax owed






32. An accounting entry acknowledging income or capital items






33. Financial organization that pools people's money and invests it






34. A fixed charge for borrowing money






35. The act of taking out money or other capital






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






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






38. Stock other than preferred stock






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






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






41. Short-term and Long-term objectives that are driven by values.






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






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






44. An automatic loan made to you if you write a check for more money than you have in your account






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






46. Savings account that pays market rate or better interest and allows access to funds without penalty.






47. A record of checks written and deposits made in a checking account - kept by the depositor






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






49. Limited quantities of resources to meet unlimited wants






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