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 money paid for employee services






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






3. Money paid to a worker






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






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






6. 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






7. Someone who lends money at excessive rates of interest






8. Making money for owning something






9. Profits paid to investors






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






11. Payment for insurance






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






13. An exchange that occurs as a compromise






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






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






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






17. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






18. 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.






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






20. 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






21. The process of making a decision - usually complex






22. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






23. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






24. A delay in enforcing rights or claims or privileges






25. A regular payment to a person that iis intended to allow them to subsist without working






26. 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






27. Place to create a savings account.






28. The amount accruing to the corporations owners

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29. Limited quantities of resources to meet unlimited wants






30. Protection against future loss






31. An exchange that occurs as a compromise






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






33. Having honest intentions






34. 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.






35. 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.






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






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






38. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






39. Electronic Funds Transfer






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






41. 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.






42. The money(usually a set amount) given to an individual to spend






43. The period covered by a salary payment






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






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






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






47. Loan where the lender goes through the borrower






48. Something that is made open or revealed






49. 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.






50. A financial statement that gives operating results for a specific period