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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 maximum credit that a customer is allowed
Financial Goals
Asset
Line of Credit
Mutual Funds
2. The apparent worth as opposed to the real worth
Face Value
W-4
Transaction
Bankruptcy
3. 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.
Incentives
Scarcity
Interest Rate
Saving
4. Give back (tax return)
Return
Total Assets
Taxable Income
Bond Rating
5. An obligation to pay money to another party
APR
Lending Investments
Liability
1040 EZ tax form
6. The money(usually a set amount) given to an individual to spend
Cash
Lending Investments
Net Income
Personal Allowances
7. The recipient of funds or other benefits
Retirement Planning
Beneficiary
On-Boarding
Exchange-Traded Funds
8. Making money for owning something
Financial Needs
Bond Rating
Ownership Investments
Rent
9. The money paid for employee services
1040 tax form
Income
Salary
Certificates of Deposit
10. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Probate
Foreclosure
Values
Bankruptcy
11. A loan backed by something valuable - such as property
Decison-making
Probate
Secured Loan
Lending Investments
12. Stock other than preferred stock
Common Stock
Withdrawal
Transfer Payments
Payday Loan
13. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Shares Outstanding
Exchange-Traded Funds
Yield
Unsecured Loan
14. Arrangement for deferred payment for goods and services
1040 tax form
Float
SEC Filings
Credit
15. The interest rate that a bond issuer will pay to a bondholder
Fixed-Rate Loan
Maturity Date
Pay Period
Coupon Rate
16. Production of a certain amount
Yield
Money Market Accounts
Forbearance
Investing
17. A regular payment to a person that iis intended to allow them to subsist without working
Wage
Values
Pension
Deductions
18. Financial organization that pools people's money and invests it
Forbearance
Mutual Funds
Index Fund
Billing Statement
19. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Direct Car Loan
Lending Investments
Net Income
20. The period covered by a salary payment
Bonds
Present Value
Financial Institution
Pay Period
21. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Common Stock
Financial Goals
Profit
W-4
22. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Loan Shark
1040 EZ tax form
Payday Loan
Indirect Car Loan
23. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Retirement Planning
Income
Deductions
Secured Debt
24. Certificates that represent money the government has borrowed from private citizens
Preferred Stock
Balance Sheet
Bonds
Withdrawal
25. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Personal Allowances
Loan
Bonds
Will
26. Compute credits and debits of an account
Balance
Line of Credit
Financial Statements
Checkbook Register
27. 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.
Investing
Savings Register
Predatory Lending
Financial Goals
28. A loan where the payment is acheived through interest
Interest-Only Loan
Debit
Cash
W-4
29. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Loan
Savings Account
Interest
Debt Consolidation
30. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts
401 K
Total Debt
Total Debt
Exemptions
31. A loan in which the rate can be altered to adjust to economical need
Mortage
Yield
Consequence
Adjustable-Rate Loan
32. Place to create a savings account.
Deductions
Savings Register
Maturity Date
Withdrawal
33. The time interval between the deposit of a check in a bank and its payment
Retirement Planning
I-9
Float
Collectibles
34. An accounting entry acknowledging income or capital items
Property Rights
Total Debt
Credit
Unsecured Debt
35. The amount of tax owed
Lending Investments
Insolvent
Maintain
Tax Liability
36. A fixed charge for borrowing money
Executor
Exemptions
Interest
Indirect Car Loan
37. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Unsecured Debt
EDGAR
Consequence
38. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Transaction Fee
Profit
Checkbook Register
Total Assets
39. Concern for ones own well being and advantages
Self-Interest
Deductible
Insolvent
I-9
40. 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.
Transfer Payments
Wage
Late Fee
Disclosure
41. The value of a security that is set by the company issuing it
Personal Budget
Salary
Par Value
Financial Statements
42. Someone who lends money at excessive rates of interest
Coverage
Bank Statement
Loan Shark
Profit
43. 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.
Investing
Self-Interest
Salary
Maturity Date
44. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Income
Beneficiary
Retirement Planning
45. An accounting entry acknowledging sums that are owing
Premium
Rent
Par Value
Debit
46. The date on which a financial obligation must be repaid
SEC Filings
Disclosure
Payday Loan
Maturity Date
47. A debt; something disadvantageous
Direct Car Loan
Liability
Profit
Maturity Date
48. A financial statement that gives operating results for a specific period
Estate Planning
Checkbook Register
Self-Interest
Income Statement
49. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Liability
Phishing
Transfer Payments
50. Something of value; a resource; an advantage
Asset
Personal Budget
Interest
Income Statement