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






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






3. Something that is made open or revealed






4. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






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






6. Concern for ones own well being and advantages






7. The standard IRS form for individual tax returns.






8. A venture undertaken without regard to possible loss or injury






9. Interest calculated on both the principal and the accrued interest






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






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






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






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






14. An accounting entry acknowledging sums that are owing






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






16. A bond with zero discounts






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






18. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






19. The economical needs of an individual






20. Having honest intentions






21. 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






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






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






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






25. Preparing a plan for transferring property during one's lifetime and at one's death






26. Simplified IRS tax form which some individuals can file instead of the 1040 form.






27. By planning ahead you can ensure financial stability during your retirement.






28. Whatever must be given up to obtain some item






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






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






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






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






33. Someone who has insufficient assets to cover their debts






34. Shares of ownership in a company






35. Having honest intentions






36. Anything that is used to produce goods or services






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






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






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






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






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






42. Concern for ones own well being and advantages






43. The amount accruing to the corporations owners

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






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






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






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






48. By planning ahead you can ensure financial stability during your retirement.






49. Protection against future loss






50. The recipient of funds or other benefits