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 act of taking out money or other capital






2. An act of economizing






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






4. The amount accruing to the corporations owners

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5. Anything that is used to produce goods or services






6. An institution that issues something (securities or publications or currency etc.)






7. Grant use or occupation of under a term of contract






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






9. 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






10. An automatic loan made to you if you write a check for more money than you have in your account






11. A fixed charge for borrowing money






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






13. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






14. Give back (tax return)






15. Loan with equal number of payments of the same amount over a fixed period of time.






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






17. A long-term loan extended to someone who buys property






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






19. 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.






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






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






22. Arrangement for deferred payment for goods and services






23. Give back (tax return)






24. Having honest intentions






25. Electronic Funds Transfer






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






27. A business activity that changes assets - liabilities - or owner's equity






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






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






30. A loan in which the rate can be altered to adjust to economical need






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






32. A share set aside for a specific purpose






33. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






34. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






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






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






38. A legal document declaring a person's wishes regarding the disposal of their property when they die






39. The act of lending money at an exorbitant rate of interest






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






41. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






42. 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






43. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






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






45. Something of value; a resource; an advantage






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






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






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






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. Making money for owning something