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 date on which a financial obligation must be repaid






2. A loan where the payment is acheived through interest






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






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






5. The maximum credit that a customer is allowed






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






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






8. Bring into consonance or accord - to agree on terms






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






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






11. All costs or bills related to the business






12. 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






13. A loan backed by something valuable - such as property






14. Something that is made open or revealed






15. Receiving money for loaning money






16. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






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






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






19. Short-term and Long-term objectives that are driven by values.






20. The act of taking out money or other capital






21. An obligation to pay money to another party






22. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






23. Whatever must be given up to obtain some item






24. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






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






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






28. Income before taxes






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






30. The process of managing one's assets and wealth






31. Compute credits and debits of an account






32. A loan that is paid off in a fixed rate over a period of time






33. Total assets minus total liabilities






34. The act of reducing the selling price of merchandise






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






36. A bond with zero discounts






37. 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.






38. An act of economizing






39. An exchange that occurs as a compromise






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






41. Is your gross income after certain reductions have been made






42. Income on which tax must be paid; total income minus exemptions and deductions






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






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






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






46. The amount accruing to the corporations owners

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47. An accounting entry acknowledging sums that are owing






48. Electronic Funds Transfer






49. The recipient of funds or other benefits






50. A loan backed by something valuable - such as property