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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. Maintain by writing regular records
Installment Loan
Maintain
Phishing
Stockholders' Equity
2. The date on which a financial obligation must be repaid
Distribution
Cannibalizing assets
Loan
Maturity Date
3. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Predatory Lending
Profit
Certificates of Deposit
Opportunity Cost
4. The percentage of a sum of money charged for its use
Financial Goals
Estate Planning
Interest Rate
Tax Liability
5. Having honest intentions
Nonprofit Organization
Usury
Mortage
Good Faith
6. 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.
W-4
Collectibles
Taxable Income
Net Worth
7. Financial organization that pools people's money and invests it
Balance
Mutual Funds
Transfer Payments
Personal Budget
8. A periodic statement prepared by a bank for each client
Bank Statement
Money Market Accounts
Stock Table
Personal Allowances
9. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Late Fee
Statement of Cash Flows
Disclosure
Transaction
10. Production of a certain amount
Transaction Fee
Insurance
Yield
Resources
11. Business organizations that accommodate the buying and selling of securities.
Personal Allowances
Net Worth
Rent
Stock Exchanges
12. A loan backed by something valuable - such as property
Secured Loan
EDGAR
Cannibalizing assets
Reconcile
13. A delay in enforcing rights or claims or privileges
Mortage
Forbearance
Unsecured Loan
Trade-off
14. The value of a security that is set by the company issuing it
Secured Debt
Income Statement
Par Value
Expenses
15. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Par Value
Gross Income
Loan
16. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Loan
Deductible
Asset
Disclosure
17. Grant use or occupation of under a term of contract
Rent
Index Fund
Predatory Lending
Fixed-Rate Loan
18. Concern for ones own well being and advantages
Debt Consolidation
Beneficiary
Self-Interest
Liability
19. 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.
On-Boarding
Cannibalizing assets
Deduction
Transfer Payments
20. The time interval between the deposit of a check in a bank and its payment
Balance Sheet
Financial Needs
Saving
Float
21. The shares available to sell/buy
Personal Allowances
Shares Outstanding
Transfer Payments
Probate
22. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
Adjusted Gross Income
Investing
Personal Allowances
Net Worth
23. The amount accruing to the corporations owners
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24. A bank account that accumulates interest
Disclosure
Loan Shark
Savings Account
Total Debt
25. Income before taxes
Allocation
Personal Allowances
APR
Gross Income
26. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Time value of money
Incentives
Billing Statement
Distribution
27. A yearly statement of the financial condition - progress - and expectations of an organization
EFT
Predatory Lending
Annual Report
EDGAR
28. Income on which tax must be paid; total income minus exemptions and deductions
Executor
Coupon Rate
Taxable Income
Total Assets
29. Financial reports that summarize the financial condition and operations of a business
Stocks
Financial Statements
Interest-Only Loan
Stock Exchanges
30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
On-Boarding
Maturity Date
Inflation
31. The money paid for employee services
Interest Rate
Salary
Annual Fee
Rent
32. Whatever must be given up to obtain some item
Balance Sheet
Salary
Opportunity Cost
Credit
33. Give back (tax return)
Ownership Investments
Risk
Wealth Management
Return
34. The standard IRS form for individual tax returns.
Interest
Collectibles
FICA
1040 tax form
35. A regular payment to a person that iis intended to allow them to subsist without working
Index Fund
Pension
Compound Interest
Asset Allocation
36. Electronic Funds Transfer
Resources
EFT
Installment Loan
Will
37. The distribution of investment funds among broad classes of assets.
Zero-Coupon Bond
Investing
Asset Allocation
Overdraft protection
38. The financial gain (earned or unearned) accruing over a given period of time
Income
Allocation
Cannibalizing assets
Bank Statement
39. A long-term loan extended to someone who buys property
Financial Statements
Mortage
Secured Loan
Coverage
40. A penalty for making a payment after the due date
Balance Sheet
Loan Shark
Risk
Late Fee
41. Business organizations that accommodate the buying and selling of securities.
Asset Allocation
Checkbook Register
Coverage
Stock Exchanges
42. Money paid to a worker
Savings Account
Billing Statement
Indirect Car Loan
Wage
43. A loan where the payment is acheived through interest
Pension
Interest-Only Loan
Transaction Fee
Consequence
44. 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
Cannibalizing assets
Financial Goals
Credit
Income
45. A long-term loan extended to someone who buys property
Index Fund
Mortage
Decison-making
Foreclosure
46. Arrangement for deferred payment for goods and services
Credit
Distribution
1040 tax form
Insolvent
47. Place to create a savings account.
Stock Symbol
Executor
Balance Sheet
Savings Register
48. An extra charge for various credit activities such as using an ATM or receiving a cash advance
dividends
Adjustable-Rate Loan
Transaction Fee
Maturity Date
49. The act of taking out money or other capital
Billing Statement
Inflation
Preferred Stock
Withdrawal
50. Protection against future loss
Insurance
Float
Liability
Securities