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






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






3. The amount of tax owed






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






5. Concern for ones own well being and advantages






6. Bring into consonance or accord - to agree on terms






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






8. Profits paid to investors






9. An exchange that occurs as a compromise






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






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






12. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






13. Someone who has insufficient assets to cover their debts






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






15. The period covered by a salary payment






16. Maintain by writing regular records






17. The outcome of an event especially as relative to an individual






18. Compute credits and debits of an account






19. Receiving money for loaning money






20. The process of making a decision - usually complex






21. 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.






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






23. 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.






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






25. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






26. A long-term loan extended to someone who buys property






27. Funds that are often times traded through a stock exchange (NYSE)






28. Loan deal in which the actual lender may not be known to the borrower.






29. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






30. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






31. Items of personal interest to collectors that can increase in value in the future






32. Payment for insurance






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






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






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






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






37. 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






38. Receiving money for loaning money






39. Give back (tax return)






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






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






42. A payment given as a guarantee that an obligation will be met






43. An obligation to pay money to another party






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






45. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






46. Something that is made open or revealed






47. 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






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






49. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






50. The percentage of a sum of money charged for its use