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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. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Income
Annual Fee
Certificates of Deposit
I-9
2. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Financial Needs
Total Debt
Self-Interest
Stockholders' Equity
3. 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.
Compound Interest
I-9
Transfer Payments
dividends
4. The recipient of funds or other benefits
Cannibalizing assets
Adjustable-Rate Loan
Annual Fee
Beneficiary
5. A share set aside for a specific purpose
Probate
Stockholders' Equity
Allocation
Good Faith
6. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Personal Budget
Financial Institution
Installment Loan
7. The process of making a decision - usually complex
Decison-making
Foreclosure
Self-Interest
Asset
8. A loan backed by something valuable - such as property
Insurance
Balance
Living Trust
Secured Loan
9. Income on which tax must be paid; total income minus exemptions and deductions
Financial Needs
Financial Institution
Taxable Income
Secured Debt
10. Protection against future loss
Insurance
Savings Register
Preferred Stock
Indirect Car Loan
11. An evaluation by a rating company of the probability that a particular bond issue will default
Debt Consolidation
Insurance
Present Value
Bond Rating
12. 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
Shares Outstanding
Debit
Market Capitalization
Transaction
13. Items of personal interest to collectors that can increase in value in the future
Nonprofit Organization
Collectibles
Values
Retirement Planning
14. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Present Value
Adjustable-Rate Loan
Financial Institution
Retirement Planning
15. The date on which a financial obligation must be repaid
Net Income
Maturity Date
Loan Shark
Yield
16. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Values
Overdraft protection
Vesting
Bonds
17. Preparing a plan for transferring property during one's lifetime and at one's death
Cannibalizing assets
Estate Planning
Secured Debt
Stock Exchanges
18. An amount that credit card companies can charge for the use of a credit card.
Bonds
Financial Institution
Annual Fee
Credit
19. An accounting entry acknowledging income or capital items
Personal Budget
Deductions
Ownership Investments
Credit
20. Production of a certain amount
Fixed-Rate Loan
Forbearance
Yield
Good Faith
21. An accounting entry acknowledging income or capital items
Exemptions
Expenses
Stock Exchanges
Credit
22. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Deductible
Stock Symbol
Incentives
Living Trust
23. A fixed charge for borrowing money
Interest
W-4
Insurance
Mutual Funds
24. Give back (tax return)
Return
Savings Register
Net Income
FICA
25. Electronic Funds Transfer
Adjustable-Rate Loan
Late Fee
Mutual Funds
EFT
26. The act of taking out money or other capital
Vesting
Withdrawal
Debit
Bond Rating
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
Net Worth
Financial Goals
Asset
28. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
W-4
Personal Allowances
Unsecured Loan
W-4
29. A payment given as a guarantee that an obligation will be met
Maintain
Deposit
Liability
Property Rights
30. Financial reports that summarize the financial condition and operations of a business
Yield
Financial Statements
Return
Securities
31. The maximum credit that a customer is allowed
Profit
Line of Credit
Usury
Par Value
32. A financial statement that gives operating results for a specific period
Float
Executor
dividends
Income Statement
33. The economical needs of an individual
Line of Credit
Secured Loan
Financial Needs
Exemptions
34. A venture undertaken without regard to possible loss or injury
Billing Statement
Checkbook Register
Self-Interest
Risk
35. An exchange that occurs as a compromise
Balance
Trade-off
Issuer
Foreclosure
36. A loan where the payment is acheived through interest
Debit
Maintain
Interest-Only Loan
Billing Statement
37. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
EDGAR
Fixed-Rate Loan
Deductions
Nonprofit Organization
38. Preparing a plan for transferring property during one's lifetime and at one's death
Distribution
Good Faith
Index Fund
Estate Planning
39. A payment given as a guarantee that an obligation will be met
Deposit
Fixed-Rate Loan
Maturity Date
Salary
40. Business organizations that accommodate the buying and selling of securities.
Forbearance
Wealth Management
Certificates of Deposit
Stock Exchanges
41. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Liability
Return
Probate
Index Fund
42. The amount accruing to the corporations owners
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43. By planning ahead you can ensure financial stability during your retirement.
Secured Debt
Retirement Planning
Nonprofit Organization
Annual Fee
44. 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
Cash
Identity Theft
Net Income
Face Value
45. A business activity that changes assets - liabilities - or owner's equity
Transaction
Zero-Coupon Bond
Maturity Date
Annual Fee
46. An automatic loan made to you if you write a check for more money than you have in your account
Billing Statement
Income Statement
Overdraft protection
401 K
47. Money paid to a worker
Common Stock
Transfer Payments
Wage
Cannibalizing assets
48. A financial statement that gives operating results for a specific period
Money Market Accounts
Secured Debt
Income Statement
Balance Sheet
49. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Stock Exchanges
Overdraft protection
Unsecured Loan
Billing Statement
50. The amount of tax owed
Profit
I-9
Tax Liability
Issuer