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






2. A loan where the payment is acheived through interest






3. Limited quantities of resources to meet unlimited wants






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






5. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






7. Things that incite or spur to action; rewards or reasons for performing a task.






8. The process of making a decision - usually complex






9. The financial gain (earned or unearned) accruing over a given period of time






10. A bond with zero discounts






11. A general and progressive increase in prices






12. A periodic statement prepared by a bank for each client






13. A fixed charge for borrowing money






14. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






16. 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






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






18. 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






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






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






21. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






22. 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






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






24. Total assets minus total liabilities






25. The shares available to sell/buy






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






27. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






28. The rights of an individual to own - use - rent - invest in - buy - and sell property.






29. Stock other than preferred stock






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






31. The amount accruing to the corporations owners

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32. 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






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






34. Production of a certain amount






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






36. Money paid to a worker






37. 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






38. A debt; something disadvantageous






39. Something that is made open or revealed






40. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






41. Something of value; a resource; an advantage






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






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






44. The period covered by a salary payment






45. An accounting entry acknowledging income or capital items






46. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






48. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






49. A general and progressive increase in prices






50. An institution that issues something (securities or publications or currency etc.)