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. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






2. The period covered by a salary payment






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






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






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






6. 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






7. The process of managing one's assets and wealth






8. Income on which tax must be paid; total income minus exemptions and deductions






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






10. Money paid to a worker






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






12. Can be found in a newspaper and shows information about popular stocks.






13. 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.






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






15. A venture undertaken without regard to possible loss or injury






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






17. Having honest intentions






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






19. Anything that is used to produce goods or services






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






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






22. A venture undertaken without regard to possible loss or injury






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






24. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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.






26. The maximum credit that a customer is allowed






27. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






29. A specific plan for spending your income






30. The shares available to sell/buy






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






32. Financial reports that summarize the financial condition and operations of a business






33. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






34. The process of making a decision - usually complex






35. Income before taxes






36. 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.






37. A loan where the payment is acheived through interest






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






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






40. The amount accruing to the corporations owners

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41. An act of economizing






42. Short-term and Long-term objectives that are driven by values.






43. Profits paid to investors






44. Whatever must be given up to obtain some item






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






46. The act of taking out money or other capital






47. Having honest intentions






48. A fixed charge for borrowing money






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






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