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






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






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






4. Profits paid to investors






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






6. Loan where the lender goes through the borrower






7. A fixed charge for borrowing money






8. The recipient of funds or other benefits






9. Someone who lends money at excessive rates of interest






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






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






12. Give back (tax return)






13. The shares available to sell/buy






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






15. The amount of tax owed






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






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






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






19. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






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






21. A specific plan for spending your income






22. Money paid to a worker






23. A bank account that accumulates interest






24. A general and progressive increase in prices






25. Maintain by writing regular records






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






27. The process of making a decision - usually complex






28. The amount of tax owed






29. A bond with zero discounts






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






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






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






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






34. The act of taking out money or other capital






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






36. All costs or bills related to the business






37. A bank account that accumulates interest






38. Something that is made open or revealed






39. 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.






40. Stock other than preferred stock






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






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






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






44. Income before taxes






45. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






46. Having honest intentions






47. The shares available to sell/buy






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






49. A share set aside for a specific purpose






50. Place to create a savings account.