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. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






2. The apparent worth as opposed to the real worth






3. Place to create a savings account.






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






5. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






7. Payment for insurance






8. A penalty for making a payment after the due date






9. 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.






10. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






11. Anything that is used to produce goods or services






12. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






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






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






16. The recipient of funds or other benefits






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






18. Arrangement for deferred payment for goods and services






19. Place to create a savings account.






20. 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.






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






22. An automatic loan made to you if you write a check for more money than you have in your account






23. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






24. Institution that functions much like a business - but does not operate for the purpose of generating profits






25. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






26. Someone who lends money at excessive rates of interest






27. Anything that is used to produce goods or services






28. Arrangement for deferred payment for goods and services






29. Give back (tax return)






30. 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






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






32. A business activity that changes assets - liabilities - or owner's equity






33. Profits paid to investors






34. A loan where the payment is acheived through interest






35. The economical needs of an individual






36. Maintain by writing regular records






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






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






39. The period covered by a salary payment






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






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






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






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






44. The maximum credit that a customer is allowed






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






46. The money(usually a set amount) given to an individual to spend






47. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






48. 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.






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






50. A bank account that accumulates interest