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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. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Property Rights
dividends
Insolvent
2. An automatic loan made to you if you write a check for more money than you have in your account
Values
Overdraft protection
Foreclosure
Transaction Fee
3. The distribution of investment funds among broad classes of assets.
Billing Statement
Will
Deduction
Asset Allocation
4. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Interest Rate
Compound Interest
Annual Report
5. Shares of ownership in a company
Lien
Payday Loan
Deposit
Stocks
6. Stock other than preferred stock
Good Faith
Adjustable-Rate Loan
Coverage
Common Stock
7. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Installment Loan
Personal Budget
Deductible
Lending Investments
8. A loan in which the rate can be altered to adjust to economical need
Adjustable-Rate Loan
Self-Interest
Secured Debt
Ownership Investments
9. A fixed charge for borrowing money
Liability
Issuer
Cannibalizing assets
Interest
10. An act of economizing
Expenses
Saving
Statement of Cash Flows
Stock Symbol
11. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Adjusted Gross Income
Liability
Deductible
Profit
12. Concern for ones own well being and advantages
Self-Interest
Face Value
Indirect Car Loan
Gross Income
13. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Phishing
Transfer Payments
Rent
14. The interest rate that a bond issuer will pay to a bondholder
Identity Theft
Coupon Rate
Estate Planning
Liability
15. A specific plan for spending your income
Money Market Accounts
Indirect Car Loan
Personal Budget
Deduction
16. The financial gain (earned or unearned) accruing over a given period of time
Personal Allowances
Debit
Income
Asset Allocation
17. 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.
Yield
Insolvent
SEC Filings
W-4
18. Protection against future loss
Deductions
Will
Disclosure
Insurance
19. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Unsecured Loan
Exchange-Traded Funds
Decison-making
401 K
20. An obligation to pay money to another party
Usury
Liability
Balance
Taxable Income
21. A loan where the payment is acheived through interest
Payday Loan
Interest-Only Loan
EFT
Savings Register
22. The money(usually a set amount) given to an individual to spend
Personal Allowances
Financial Institution
1040 EZ tax form
Deductible
23. An accounting entry acknowledging sums that are owing
Maintain
Debit
Property Rights
Bond Rating
24. The amount accruing to the corporations owners
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25. Place to create a savings account.
Savings Register
Preferred Stock
FICA
Deposit
26. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Mortage
Income Statement
Insolvent
Deductible
27. Profits paid to investors
Statement of Cash Flows
Savings Account
dividends
Index Fund
28. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Certificates of Deposit
Securities
dividends
Investing
29. Give back (tax return)
Disclosure
Bonds
Return
Nonprofit Organization
30. A fixed charge for borrowing money
Loan
Profit
Late Fee
Interest
31. Savings account that pays market rate or better interest and allows access to funds without penalty.
Self-Interest
Money Market Accounts
Float
dividends
32. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Debt Consolidation
Inflation
Pension
Preferred Stock
33. An act of economizing
Credit
1040 tax form
Bond Rating
Saving
34. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Ownership Investments
Yield
FICA
35. Can be found in a newspaper and shows information about popular stocks.
Mortage
Savings Register
Stock Table
Will
36. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Values
Loan
Securities
Net Income
37. 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
APR
Gross Income
Income
Property Rights
38. The process of making a decision - usually complex
Cash
Statement of Cash Flows
APR
Decison-making
39. Income before taxes
Return
Issuer
Gross Income
Par Value
40. The act of taking out money or other capital
Opportunity Cost
Property Rights
SEC Filings
Withdrawal
41. A debt; something disadvantageous
Wealth Management
Transaction Fee
Liability
Shares Outstanding
42. The outcome of an event especially as relative to an individual
Total Assets
Index Fund
Consequence
Adjustable-Rate Loan
43. The distribution of investment funds among broad classes of assets.
Unsecured Debt
Stocks
Pay Period
Asset Allocation
44. A financial statement that gives operating results for a specific period
Income Statement
Gross Income
Wage
Stock Table
45. Institution that functions much like a business - but does not operate for the purpose of generating profits
Savings Register
401 K
Nonprofit Organization
Asset
46. A general and progressive increase in prices
Inflation
EFT
Estate Planning
1040 tax form
47. A periodic statement prepared by a bank for each client
Insolvent
Bank Statement
Estate Planning
Disclosure
48. Compute credits and debits of an account
Annual Report
Balance Sheet
Balance
Transfer Payments
49. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Balance
Bond Rating
Interest Rate
Bankruptcy
50. 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.
Risk
Predatory Lending
Maturity Date
Return