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 payment given as a guarantee that an obligation will be met






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






3. Funds that are often times traded through a stock exchange (NYSE)






4. The economical needs of an individual






5. 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.






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






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






8. Grant use or occupation of under a term of contract






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






10. A regular payment to a person that iis intended to allow them to subsist without working






11. The period covered by a salary payment






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






13. Can be found in a newspaper and shows information about popular stocks.






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






15. The act of reducing the selling price of merchandise






16. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






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






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






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






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






21. Can be found in a newspaper and shows information about popular stocks.






22. A fixed charge for borrowing money






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






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






25. Total assets minus total liabilities






26. Payment for insurance






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






28. A loan where the payment is acheived through interest






29. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






30. Production of a certain amount






31. Protection against future loss






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






33. The process of managing one's assets and wealth






34. Whatever must be given up to obtain some item






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






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






37. The recipient of funds or other benefits






38. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






39. Grant use or occupation of under a term of contract






40. 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.






41. Receiving money for loaning money






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






43. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






44. An obligation to pay money to another party






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






46. A bank account that accumulates interest






47. The period covered by a salary payment






48. A periodic statement prepared by a bank for each client






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






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