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 process of managing one's assets and wealth






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






3. The act of reducing the selling price of merchandise






4. Money paid to a worker






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






6. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






7. Business organizations that accommodate the buying and selling of securities.






8. Whatever must be given up to obtain some item






9. Loan where the lender goes through the borrower






10. The distribution of investment funds among broad classes of assets.






11. Income before taxes






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






13. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






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






15. An accounting entry acknowledging income or capital items






16. Something that is made open or revealed






17. A specific plan for spending your income






18. 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.






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






20. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






21. The amount of tax owed






22. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






23. A delay in enforcing rights or claims or privileges






24. Shares of ownership in a company






25. A yearly statement of the financial condition - progress - and expectations of an organization






26. The percentage of a sum of money charged for its use






27. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






29. An accounting entry acknowledging income or capital items






30. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






31. Anything that is used to produce goods or services






32. Maintain by writing regular records






33. Someone who lends money at excessive rates of interest






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






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






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






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 obligation to pay money to another party






39. An obligation to pay money to another party






40. The recipient of funds or other benefits






41. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






43. 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.






44. The standard IRS form for individual tax returns.






45. Compute credits and debits of an account






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






47. The shares available to sell/buy






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






49. Payment for insurance






50. The money paid for employee services