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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 tax-deferred investment and savings plan that acts as a personal pension fund for employees
Asset
Reconcile
401 K
Ownership Investments
2. A delay in enforcing rights or claims or privileges
Forbearance
Financial Needs
Transfer Payments
Deposit
3. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Forbearance
Foreclosure
Adjusted Gross Income
W-4
4. An act of economizing
Bond Rating
1040 EZ tax form
W-4
Saving
5. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Good Faith
Premium
Maintain
6. Business organizations that accommodate the buying and selling of securities.
Secured Debt
Financial Statements
Mutual Funds
Stock Exchanges
7. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Wage
Net Worth
Property Rights
Interest Rate
8. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Maintain
Predatory Lending
Mutual Funds
Transaction Fee
9. A record of checks written and deposits made in a checking account - kept by the depositor
Par Value
Retirement Planning
Checkbook Register
Investing
10. The apparent worth as opposed to the real worth
Salary
Transaction
Face Value
Consequence
11. Electronic Funds Transfer
Financial Needs
Insurance
EFT
Total Debt
12. A person appointed by a testator to carry out the terms of the will
Investing
Ownership Investments
Direct Car Loan
Executor
13. The act of reducing the selling price of merchandise
Scarcity
1040 EZ tax form
Preferred Stock
Deduction
14. A bond with zero discounts
APR
Zero-Coupon Bond
SEC Filings
Probate
15. Total assets minus total liabilities
Debt Consolidation
Income
Net Worth
Living Trust
16. A fixed charge for borrowing money
Deposit
Interest
Direct Car Loan
Face Value
17. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Float
Preferred Stock
Par Value
Deduction
18. The process of making a decision - usually complex
Coverage
Decison-making
Tax Liability
Collectibles
19. Give back (tax return)
Overdraft protection
Cannibalizing assets
Incentives
Return
20. Things that incite or spur to action; rewards or reasons for performing a task.
Annual Report
Transaction Fee
Incentives
Overdraft protection
21. The act of taking out money or other capital
Bankruptcy
Exemption
Lending Investments
Withdrawal
22. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Wage
Estate Planning
Saving
Vesting
23. A penalty for making a payment after the due date
Late Fee
Exchange-Traded Funds
Forbearance
Interest-Only Loan
24. Stock other than preferred stock
Decison-making
Par Value
Common Stock
Distribution
25. A legal document declaring a person's wishes regarding the disposal of their property when they die
Compound Interest
Will
Preferred Stock
Interest Rate
26. Diagnosis Codes (in CCB Popup if more then 5 codes)
Securities
Preferred Stock
APR
I-9
27. 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
Loan
Exemptions
Market Capitalization
Personal Allowances
28. Production of a certain amount
Loan
Total Debt
Yield
Issuer
29. Maintain by writing regular records
Stocks
Maintain
Annual Fee
Annual Report
30. 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
Resources
Taxable Income
EDGAR
Asset
31. Savings account that pays market rate or better interest and allows access to funds without penalty.
Credit
Money Market Accounts
Net Income
Savings Register
32. The money paid for employee services
Statement of Cash Flows
Exemption
Vesting
Salary
33. Place to create a savings account.
Index Fund
Liability
Savings Register
Beneficiary
34. Electronic Funds Transfer
Gross Income
Insurance
Taxable Income
EFT
35. 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.
Probate
Loan
Lien
Issuer
36. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Bonds
Profit
Financial Institution
Time value of money
37. The act of taking out money or other capital
Balance Sheet
Withdrawal
Deductible
Cash
38. Anything that is used to produce goods or services
Resources
Decison-making
Beneficiary
Bank Statement
39. Prompt payment for goods or services in currency or by check
Financial Institution
Executor
Foreclosure
Cash
40. Can be found in a newspaper and shows information about popular stocks.
APR
Stock Table
Deposit
Gross Income
41. A debt; something disadvantageous
Good Faith
Savings Account
Trade-off
Liability
42. A regular payment to a person that iis intended to allow them to subsist without working
Financial Goals
EFT
Pension
Index Fund
43. Financial reports that summarize the financial condition and operations of a business
Stocks
Coupon Rate
dividends
Financial Statements
44. Items of personal interest to collectors that can increase in value in the future
Incentives
Collectibles
Taxable Income
Beneficiary
45. The value of a security that is set by the company issuing it
Resources
Nonprofit Organization
Transaction
Par Value
46. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Collectibles
1040 EZ tax form
Asset Allocation
Billing Statement
47. A yearly statement of the financial condition - progress - and expectations of an organization
Identity Theft
Annual Report
Pension
On-Boarding
48. An amount that credit card companies can charge for the use of a credit card.
Decison-making
Annual Fee
Exemption
Expenses
49. The money(usually a set amount) given to an individual to spend
1040 tax form
Premium
Personal Allowances
Stock Symbol
50. Stock other than preferred stock
Withdrawal
Transaction
Cash
Common Stock