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. Compute credits and debits of an account






2. A long-term loan extended to someone who buys property






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






4. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






5. 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






6. Income before taxes






7. Loan with equal number of payments of the same amount over a fixed period of time.






8. 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






9. The outcome of an event especially as relative to an individual






10. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






11. A person appointed by a testator to carry out the terms of the will






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. Income on which tax must be paid; total income minus exemptions and deductions






14. Income before taxes






15. The amount of tax owed






16. Whatever must be given up to obtain some item






17. The shares available to sell/buy






18. An evaluation by a rating company of the probability that a particular bond issue will default






19. A payment given as a guarantee that an obligation will be met






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






21. Production of a certain amount






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






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






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






25. Bring into consonance or accord - to agree on terms






26. The process of making a decision - usually complex






27. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






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






29. 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.






30. An accounting entry acknowledging income or capital items






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






32. A bond with zero discounts






33. The amount of money you would need to deposit now in order to attain a desired amount in the future






34. Total assets minus total liabilities






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






36. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






37. Electronic Funds Transfer






38. Anything that is used to produce goods or services






39. 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






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






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






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






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






44. The period covered by a salary payment






45. The extent to which something is covered






46. Place to create a savings account.






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






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






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






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