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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. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Balance Sheet
Net Income
Living Trust
Transfer Payments
2. Profits paid to investors
dividends
Property Rights
EFT
Annual Fee
3. Electronic Funds Transfer
Savings Account
Present Value
Exemption
EFT
4. The value of a security that is set by the company issuing it
Par Value
Return
Beneficiary
Exemptions
5. The amount of tax owed
Preferred Stock
Income
Transaction Fee
Tax Liability
6. Payment for insurance
Premium
Stock Symbol
Debit
I-9
7. Income on which tax must be paid; total income minus exemptions and deductions
1040 EZ tax form
Premium
Mortage
Taxable Income
8. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
Wage
Nonprofit Organization
Interest
9. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Wealth Management
Investing
Balance Sheet
Living Trust
10. An act of economizing
Saving
Allocation
Annual Report
Secured Debt
11. A share set aside for a specific purpose
Allocation
Bond Rating
Lending Investments
Vesting
12. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Disclosure
Unsecured Loan
Common Stock
Bond Rating
13. Making money for owning something
Stocks
Exchange-Traded Funds
Scarcity
Ownership Investments
14. A payment given as a guarantee that an obligation will be met
Interest
W-4
Deposit
Beneficiary
15. 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
Index Fund
Fixed-Rate Loan
Personal Budget
Identity Theft
16. A regular payment to a person that iis intended to allow them to subsist without working
Lien
Pension
Debt Consolidation
Predatory Lending
17. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Expenses
Total Assets
Coverage
18. Someone who lends money at excessive rates of interest
Loan Shark
Cannibalizing assets
Debt Consolidation
Transfer Payments
19. Arrangement for deferred payment for goods and services
Credit
Distribution
Unsecured Loan
Debt Consolidation
20. The process of managing one's assets and wealth
Interest Rate
Income Statement
Wealth Management
Common Stock
21. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Adjustable-Rate Loan
Financial Goals
Mutual Funds
Profit
22. An automatic loan made to you if you write a check for more money than you have in your account
Debit
Adjustable-Rate Loan
Predatory Lending
Overdraft protection
23. Diagnosis Codes (in CCB Popup if more then 5 codes)
Bond Rating
Financial Goals
I-9
Debt Consolidation
24. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Securities
Adjustable-Rate Loan
Nonprofit Organization
25. A penalty for making a payment after the due date
Late Fee
Usury
Exchange-Traded Funds
Cash
26. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Unsecured Debt
Transaction Fee
Reconcile
Pay Period
27. Compute credits and debits of an account
Property Rights
Balance
Securities
Payday Loan
28. An evaluation by a rating company of the probability that a particular bond issue will default
Taxable Income
Expenses
Debit
Bond Rating
29. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Adjustable-Rate Loan
Preferred Stock
Self-Interest
FICA
30. Give back (tax return)
Return
Incentives
Personal Budget
Unsecured Loan
31. Something of value; a resource; an advantage
FICA
Bankruptcy
Asset
Property Rights
32. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Mortage
Line of Credit
Transaction Fee
Payday Loan
33. 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.
Income
Stock Table
1040 tax form
W-4
34. Loan deal in which the actual lender may not be known to the borrower.
Statement of Cash Flows
Coverage
Bank Statement
Indirect Car Loan
35. A venture undertaken without regard to possible loss or injury
Yield
Risk
Cannibalizing assets
Shares Outstanding
36. A general and progressive increase in prices
Inflation
Liability
Risk
SEC Filings
37. An amount that credit card companies can charge for the use of a credit card.
Expenses
Foreclosure
Annual Fee
Time value of money
38. A record of checks written and deposits made in a checking account - kept by the depositor
Reconcile
Transaction
1040 EZ tax form
Checkbook Register
39. The date on which a financial obligation must be repaid
Cash
Maturity Date
On-Boarding
Maintain
40. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Salary
Pension
Withdrawal
41. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Insurance
Unsecured Debt
Values
Profit
42. Loan where the lender goes through the borrower
Rent
Profit
APR
Direct Car Loan
43. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Retirement Planning
Return
Indirect Car Loan
Debt Consolidation
44. An automatic loan made to you if you write a check for more money than you have in your account
1040 EZ tax form
Premium
Overdraft protection
Certificates of Deposit
45. Stock other than preferred stock
Interest Rate
Forbearance
Common Stock
Index Fund
46. Something that is made open or revealed
Good Faith
Vesting
Direct Car Loan
Disclosure
47. A loan backed by something valuable - such as property
Secured Loan
Nonprofit Organization
Deposit
Financial Goals
48. A loan where the payment is acheived through interest
Interest-Only Loan
Loan
Executor
EDGAR
49. Things that incite or spur to action; rewards or reasons for performing a task.
Inflation
Overdraft protection
Loan Shark
Incentives
50. A business activity that changes assets - liabilities - or owner's equity
Lien
Transaction
Probate
Rent