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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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 loan that is paid off in a fixed rate over a period of time
Time value of money
Consequence
Fixed-Rate Loan
Mutual Funds
2. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Probate
Money Market Accounts
Phishing
Balance Sheet
3. 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
Risk
Coupon Rate
Exemptions
Deposit
4. Grant use or occupation of under a term of contract
Issuer
Retirement Planning
Rent
Exemption
5. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Trade-off
On-Boarding
Financial Goals
Opportunity Cost
6. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Pension
Checkbook Register
Balance Sheet
Total Assets
7. Funds that are often times traded through a stock exchange (NYSE)
Salary
Exchange-Traded Funds
Insolvent
Financial Needs
8. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Consequence
Preferred Stock
Total Assets
Certificates of Deposit
9. 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.
Predatory Lending
Face Value
Savings Account
APR
10. Limited quantities of resources to meet unlimited wants
Time value of money
Statement of Cash Flows
Scarcity
Deductible
11. Production of a certain amount
Yield
Lending Investments
Adjustable-Rate Loan
Interest Rate
12. A person appointed by a testator to carry out the terms of the will
Insolvent
Executor
Allocation
Nonprofit Organization
13. 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.
Interest Rate
Liability
Will
Estate Planning
14. Production of a certain amount
Living Trust
Gross Income
Bonds
Yield
15. Concern for ones own well being and advantages
Foreclosure
Debt Consolidation
Self-Interest
Usury
16. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Mutual Funds
Total Assets
Vesting
Return
17. 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
W-4
Yield
Tax Liability
Cannibalizing assets
18. Place to create a savings account.
Savings Register
Stock Symbol
Unsecured Debt
Retirement Planning
19. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Compound Interest
Profit
Will
Total Assets
20. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Interest-Only Loan
Usury
Premium
21. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Wage
Financial Needs
Disclosure
22. The outcome of an event especially as relative to an individual
Pay Period
Consequence
Income Statement
Withdrawal
23. Money paid to a worker
Maturity Date
Wage
Lending Investments
Transfer Payments
24. 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.
Predatory Lending
W-4
Interest Rate
FICA
25. The time interval between the deposit of a check in a bank and its payment
Foreclosure
Float
Mutual Funds
Return
26. 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.
Interest Rate
Investing
Predatory Lending
Maturity Date
27. An act of economizing
Indirect Car Loan
Saving
Zero-Coupon Bond
Fixed-Rate Loan
28. A business activity that changes assets - liabilities - or owner's equity
Exemptions
Net Worth
Direct Car Loan
Transaction
29. Total assets minus total liabilities
Net Worth
Shares Outstanding
Insurance
Mutual Funds
30. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Living Trust
Nonprofit Organization
Shares Outstanding
Index Fund
31. Can be found in a newspaper and shows information about popular stocks.
Securities
Stock Table
Compound Interest
Maintain
32. A loan in which the rate can be altered to adjust to economical need
Transaction Fee
Adjustable-Rate Loan
W-4
Transfer Payments
33. Electronic Funds Transfer
EFT
1040 EZ tax form
Vesting
Ownership Investments
34. A regular payment to a person that iis intended to allow them to subsist without working
Reconcile
EDGAR
Money Market Accounts
Pension
35. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Interest-Only Loan
Liability
Trade-off
36. Protection against future loss
Financial Needs
Interest-Only Loan
Insurance
Coupon Rate
37. Can be found in a newspaper and shows information about popular stocks.
Time value of money
Annual Fee
Stock Table
Interest-Only Loan
38. The distribution of investment funds among broad classes of assets.
Annual Report
Profit
Secured Debt
Asset Allocation
39. Compute credits and debits of an account
Living Trust
Opportunity Cost
Balance
Loan Shark
40. A specific plan for spending your income
EDGAR
Personal Budget
Annual Fee
Balance
41. The extent to which something is covered
Coverage
Will
Mutual Funds
Retirement Planning
42. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies
EDGAR
Checkbook Register
Mortage
dividends
43. Savings account that pays market rate or better interest and allows access to funds without penalty.
I-9
Money Market Accounts
Coverage
On-Boarding
44. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Reconcile
Debt Consolidation
Probate
I-9
45. The process of managing one's assets and wealth
Common Stock
Income
Wealth Management
Insolvent
46. Certificates that represent money the government has borrowed from private citizens
Bonds
Transaction Fee
Trade-off
Certificates of Deposit
47. The act of lending money at an exorbitant rate of interest
Securities
W-4
Float
Usury
48. Someone who has insufficient assets to cover their debts
Insurance
Lending Investments
Index Fund
Insolvent
49. A yearly statement of the financial condition - progress - and expectations of an organization
Bonds
Annual Report
Total Debt
FICA
50. The maximum credit that a customer is allowed
Decison-making
Line of Credit
Executor
Salary