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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 loan where the payment is acheived through interest






2. Arrangement for deferred payment for goods and services






3. Something of value; a resource; an advantage






4. Shares of ownership in a company






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






6. The amount accruing to the corporations owners

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7. A bank account that accumulates interest






8. Someone who lends money at excessive rates of interest






9. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






11. Institution that functions much like a business - but does not operate for the purpose of generating profits






12. A penalty for making a payment after the due date






13. An amount that credit card companies can charge for the use of a credit card.






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






15. The act of taking out money or other capital






16. A general and progressive increase in prices






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






18. A person appointed by a testator to carry out the terms of the will






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






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






21. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






22. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






23. The period covered by a salary payment






24. Production of a certain amount






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






26. The rights of an individual to own - use - rent - invest in - buy - and sell property.






27. The rights of an individual to own - use - rent - invest in - buy - and sell property.






28. Place to create a savings account.






29. 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.






30. 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.






31. A specific plan for spending your income






32. Limited quantities of resources to meet unlimited wants






33. A bond with zero discounts






34. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






36. Payment for insurance






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






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






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






40. The economical needs of an individual






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






42. An amount that credit card companies can charge for the use of a credit card.






43. 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.






44. 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






45. The time interval between the deposit of a check in a bank and its payment






46. Total assets minus total liabilities






47. Compute credits and debits of an account






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






49. The amount accruing to the corporations owners

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







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Can you answer 50 questions in 15 minutes?


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