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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. An evaluation by a rating company of the probability that a particular bond issue will default
Exemptions
Bond Rating
Annual Report
Personal Budget
2. Place to create a savings account.
Unsecured Loan
Savings Register
Nonprofit Organization
Interest Rate
3. Limited quantities of resources to meet unlimited wants
Mutual Funds
Scarcity
Preferred Stock
Cash
4. Something that is made open or revealed
Unsecured Debt
Disclosure
Stock Table
Indirect Car Loan
5. Items of personal interest to collectors that can increase in value in the future
Shares Outstanding
Identity Theft
Collectibles
Exchange-Traded Funds
6. A loan where the payment is acheived through interest
Allocation
Interest-Only Loan
Exemptions
Saving
7. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Common Stock
Issuer
Profit
Taxable Income
8. Stock other than preferred stock
Yield
Lien
Common Stock
Mutual Funds
9. The process of managing one's assets and wealth
Interest Rate
Wealth Management
Foreclosure
Trade-off
10. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Credit
Personal Budget
Deduction
11. 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.
Gross Income
W-4
Allocation
Bank Statement
12. The recipient of funds or other benefits
Living Trust
Beneficiary
Bankruptcy
Coverage
13. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Coupon Rate
Interest Rate
Common Stock
Transaction Fee
14. Anything that is used to produce goods or services
Resources
Checkbook Register
Exemption
Insurance
15. Compute credits and debits of an account
Debt Consolidation
Balance
Late Fee
Credit
16. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Gross Income
Payday Loan
On-Boarding
Property Rights
17. A business activity that changes assets - liabilities - or owner's equity
Income
Consequence
Transaction
Exemption
18. Financial organization that pools people's money and invests it
Mutual Funds
Opportunity Cost
Estate Planning
Trade-off
19. A delay in enforcing rights or claims or privileges
Total Debt
Deduction
Forbearance
Financial Institution
20. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Common Stock
Property Rights
Tax Liability
Credit
21. Someone who lends money at excessive rates of interest
Annual Fee
Personal Allowances
Loan Shark
Beneficiary
22. Prompt payment for goods or services in currency or by check
Interest Rate
Premium
Cash
Stock Table
23. Having honest intentions
Stockholders' Equity
Scarcity
Good Faith
Cannibalizing assets
24. An accounting entry acknowledging sums that are owing
Transfer Payments
Market Capitalization
Debit
Foreclosure
25. The recipient of funds or other benefits
Beneficiary
Distribution
Present Value
Disclosure
26. Give back (tax return)
Income Statement
Financial Statements
Credit
Return
27. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Coverage
Vesting
Good Faith
28. Loan where the lender goes through the borrower
Income Statement
Stock Table
Preferred Stock
Direct Car Loan
29. A periodic statement prepared by a bank for each client
Bank Statement
Salary
Installment Loan
Money Market Accounts
30. Maintain by writing regular records
Personal Allowances
Transaction Fee
Preferred Stock
Maintain
31. Interest calculated on both the principal and the accrued interest
Compound Interest
Credit
Probate
Coverage
32. Loan deal in which the actual lender may not be known to the borrower.
Line of Credit
Inflation
Indirect Car Loan
Common Stock
33. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Financial Institution
Index Fund
APR
34. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Exemption
Living Trust
Foreclosure
Usury
35. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Net Income
Index Fund
Stockholders' Equity
Cash
36. Making money for owning something
Float
Securities
Ownership Investments
Maintain
37. An automatic loan made to you if you write a check for more money than you have in your account
Phishing
Direct Car Loan
Overdraft protection
Withdrawal
38. A yearly statement of the financial condition - progress - and expectations of an organization
Mutual Funds
Self-Interest
Annual Report
Total Assets
39. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Distribution
Annual Fee
Debt Consolidation
40. Certificates that represent money the government has borrowed from private citizens
Ownership Investments
Transaction Fee
Collectibles
Bonds
41. Bring into consonance or accord - to agree on terms
Inflation
Securities
Bankruptcy
Reconcile
42. A legal document declaring a person's wishes regarding the disposal of their property when they die
Loan
Deposit
Will
Asset
43. Shares of ownership in a company
Bond Rating
Reconcile
Estate Planning
Stocks
44. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be
Expenses
FICA
Asset Allocation
Asset
45. A record of checks written and deposits made in a checking account - kept by the depositor
Shares Outstanding
Values
Checkbook Register
Mortage
46. The money paid for employee services
Transfer Payments
Rent
Beneficiary
Salary
47. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Salary
Mutual Funds
Lending Investments
Financial Institution
48. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Total Debt
Billing Statement
Wealth Management
49. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Usury
Profit
Bonds
Insurance
50. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Interest Rate
Self-Interest
Premium