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. Things that incite or spur to action; rewards or reasons for performing a task.






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






3. A loan in which the rate can be altered to adjust to economical need






4. 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.






5. 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.






6. Anything that is used to produce goods or services






7. 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.






8. Things that incite or spur to action; rewards or reasons for performing a task.






9. An extra charge for various credit activities such as using an ATM or receiving a cash advance






10. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






11. A bank account that accumulates interest






12. Give back (tax return)






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






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






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






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






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






18. Something of value; a resource; an advantage






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






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






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






22. Prompt payment for goods or services in currency or by check






23. Concern for ones own well being and advantages






24. The act of lending money at an exorbitant rate of interest






25. The right to take another's property if an obligation is not discharged






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






27. Loan where the lender goes through the borrower






28. An obligation to pay money to another party






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






30. An institution that issues something (securities or publications or currency etc.)






31. The standard IRS form for individual tax returns.






32. All costs or bills related to the business






33. Items of personal interest to collectors that can increase in value in the future






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






35. Something that is made open or revealed






36. The process of making a decision - usually complex






37. The act of taking out money or other capital






38. The economical needs of an individual






39. The maximum credit that a customer is allowed






40. A legal document declaring a person's wishes regarding the disposal of their property when they die






41. Place to create a savings account.






42. Savings account that pays market rate or better interest and allows access to funds without penalty.






43. Financial reports that summarize the financial condition and operations of a business






44. Items of personal interest to collectors that can increase in value in the future






45. The time interval between the deposit of a check in a bank and its payment






46. Whatever must be given up to obtain some item






47. The recipient of funds or other benefits






48. Financial organization that pools people's money and invests it






49. The extent to which something is covered






50. A fixed charge for borrowing money