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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. Making money for owning something






2. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






3. The amount of tax owed






4. An accounting entry acknowledging sums that are owing






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






6. A general and progressive increase in prices






7. Electronic Funds Transfer






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






9. Loan where the lender goes through the borrower






10. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






11. Certificates that represent money the government has borrowed from private citizens






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






13. Payment for insurance






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






15. The amount of tax owed






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






17. The right to take another's property if an obligation is not discharged






18. The act of taking out money or other capital






19. Profits paid to investors






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






21. 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.






22. Things that incite or spur to action; rewards or reasons for performing a task.






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






24. An obligation to pay money to another party






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






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






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






28. Compute credits and debits of an account






29. Income before taxes






30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






31. The act of taking out money or other capital






32. A record of checks written and deposits made in a checking account - kept by the depositor






33. Business organizations that accommodate the buying and selling of securities.






34. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






36. 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.






37. The act of reducing the selling price of merchandise






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






39. All costs or bills related to the business






40. 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






41. A debt; something disadvantageous






42. The period covered by a salary payment






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






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






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






46. 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.






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






48. A specific plan for spending your income






49. Arrangement for deferred payment for goods and services






50. A tax-deferred investment and savings plan that acts as a personal pension fund for employees







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