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






2. A general and progressive increase in prices






3. 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.






4. The value of a security that is set by the company issuing it






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






6. The outcome of an event especially as relative to an individual






7. The apparent worth as opposed to the real worth






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






9. A share set aside for a specific purpose






10. Profits paid to investors






11. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






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






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






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






15. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






16. A specific plan for spending your income






17. Diagnosis Codes (in CCB Popup if more then 5 codes)






18. Concern for ones own well being and advantages






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






20. Shares of ownership in a company






21. The date on which a financial obligation must be repaid






22. All costs or bills related to the business






23. The amount of tax owed






24. An act of economizing






25. The amount of money you would need to deposit now in order to attain a desired amount in the future






26. 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






27. The maximum credit that a customer is allowed






28. All costs or bills related to the business






29. An evaluation by a rating company of the probability that a particular bond issue will default






30. The process of making a decision - usually complex






31. Preparing a plan for transferring property during one's lifetime and at one's death






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






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






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






35. An evaluation by a rating company of the probability that a particular bond issue will default






36. An obligation to pay money to another party






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






38. Limited quantities of resources to meet unlimited wants






39. A financial statement that gives operating results for a specific period






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






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






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






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






44. Anything that is used to produce goods or services






45. The financial gain (earned or unearned) accruing over a given period of time






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






47. An accounting entry acknowledging sums that are owing






48. Having honest intentions






49. The date on which a financial obligation must be repaid






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