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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. The process of managing one's assets and wealth
Asset Allocation
Return
Retirement Planning
Wealth Management
2. Is your gross income after certain reductions have been made
Insolvent
Adjusted Gross Income
Compound Interest
Late Fee
3. The act of reducing the selling price of merchandise
Bank Statement
Liability
Insolvent
Deduction
4. Money paid to a worker
Wealth Management
Usury
Unsecured Debt
Wage
5. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Property Rights
APR
Financial Institution
Savings Register
6. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Annual Report
Usury
Net Income
Rent
7. Business organizations that accommodate the buying and selling of securities.
1040 EZ tax form
Wealth Management
Disclosure
Stock Exchanges
8. Whatever must be given up to obtain some item
Opportunity Cost
Balance Sheet
1040 tax form
401 K
9. Loan where the lender goes through the borrower
Time value of money
Yield
Direct Car Loan
APR
10. The distribution of investment funds among broad classes of assets.
Coverage
Secured Loan
Maturity Date
Asset Allocation
11. Income before taxes
Income
Reconcile
Gross Income
Debit
12. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Interest
Asset
SEC Filings
Total Assets
13. 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
Coverage
Phishing
EDGAR
Annual Fee
14. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
I-9
Taxable Income
Income Statement
On-Boarding
15. An accounting entry acknowledging income or capital items
Credit
Probate
Personal Allowances
Trade-off
16. Something that is made open or revealed
Good Faith
Distribution
Coverage
Disclosure
17. A specific plan for spending your income
Personal Budget
dividends
Financial Goals
Unsecured Loan
18. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
Maintain
1040 tax form
Investing
Par Value
19. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Gross Income
Consequence
Foreclosure
Bonds
20. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Debt Consolidation
Pension
Nonprofit Organization
Stock Symbol
21. The amount of tax owed
401 K
Tax Liability
Coupon Rate
Financial Needs
22. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Personal Budget
Common Stock
Estate Planning
Probate
23. A delay in enforcing rights or claims or privileges
Lien
Interest Rate
Forbearance
Property Rights
24. Shares of ownership in a company
Savings Account
Stocks
1040 EZ tax form
Personal Allowances
25. A yearly statement of the financial condition - progress - and expectations of an organization
Bank Statement
Secured Debt
Interest Rate
Annual Report
26. The percentage of a sum of money charged for its use
Shares Outstanding
Gross Income
Transfer Payments
Interest Rate
27. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Taxable Income
Phishing
Transfer Payments
Good Faith
28. An automatic loan made to you if you write a check for more money than you have in your account
Distribution
dividends
Inflation
Overdraft protection
29. An accounting entry acknowledging income or capital items
Premium
Market Capitalization
Credit
Incentives
30. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Savings Account
Collectibles
Balance Sheet
Compound Interest
31. Anything that is used to produce goods or services
Resources
Interest Rate
Bankruptcy
Interest
32. Maintain by writing regular records
Maintain
Unsecured Loan
Zero-Coupon Bond
Bankruptcy
33. Someone who lends money at excessive rates of interest
Loan Shark
Wealth Management
Credit
Present Value
34. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Reconcile
Deductible
Bond Rating
Bonds
35. The value of a security that is set by the company issuing it
Insolvent
APR
Scarcity
Par Value
36. An automatic loan made to you if you write a check for more money than you have in your account
I-9
Deduction
Overdraft protection
Identity Theft
37. 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.
Index Fund
Transfer Payments
Beneficiary
Reconcile
38. An obligation to pay money to another party
Vesting
Index Fund
Rent
Liability
39. An obligation to pay money to another party
Property Rights
Liability
Maturity Date
Time value of money
40. The recipient of funds or other benefits
Beneficiary
Forbearance
Values
Secured Loan
41. A debt not backed by specific property to satisfy the indebtedness in case of default.
Interest Rate
Bond Rating
Direct Car Loan
Unsecured Debt
42. A loan backed by something valuable - such as property
Secured Loan
Bond Rating
Billing Statement
Line of Credit
43. 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
Executor
Bond Rating
Property Rights
44. The standard IRS form for individual tax returns.
Probate
Total Assets
1040 tax form
Investing
45. Compute credits and debits of an account
Transaction
EDGAR
Balance
Consequence
46. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
Trade-off
Fixed-Rate Loan
Lending Investments
47. The shares available to sell/buy
Billing Statement
Unsecured Debt
Withdrawal
Shares Outstanding
48. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Wage
Phishing
401 K
Consequence
49. Payment for insurance
W-4
Reconcile
Premium
Cannibalizing assets
50. The money paid for employee services
Salary
Credit
Secured Debt
Liability