SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Someone who has insufficient assets to cover their debts
Balance
Balance Sheet
Resources
Insolvent
2. The period covered by a salary payment
Overdraft protection
Pay Period
Late Fee
Investing
3. A venture undertaken without regard to possible loss or injury
Mutual Funds
Stock Table
Return
Risk
4. A loan where the payment is acheived through interest
Liability
Interest-Only Loan
Fixed-Rate Loan
Common Stock
5. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
dividends
Savings Account
Indirect Car Loan
Payday Loan
6. A bank account that accumulates interest
Credit
Savings Account
Foreclosure
Statement of Cash Flows
7. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Disclosure
Stockholders' Equity
401 K
8. The process of managing one's assets and wealth
FICA
Wealth Management
Financial Goals
Deposit
9. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Asset Allocation
Certificates of Deposit
Investing
10. A periodic statement prepared by a bank for each client
EFT
Incentives
Bank Statement
EDGAR
11. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Net Income
Late Fee
Financial Goals
Time value of money
12. Payment for insurance
Common Stock
Asset
Premium
Probate
13. Something that is made open or revealed
Exemption
Profit
Disclosure
Exemption
14. Having honest intentions
EFT
Probate
Good Faith
Cannibalizing assets
15. A loan that is paid off in a fixed rate over a period of time
FICA
Investing
Fixed-Rate Loan
EFT
16. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Loan
Net Income
Savings Account
Annual Report
17. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Exemption
Phishing
Credit
EDGAR
18. An accounting entry acknowledging sums that are owing
Property Rights
Zero-Coupon Bond
Collectibles
Debit
19. A financial statement that gives operating results for a specific period
APR
Income Statement
Adjusted Gross Income
Reconcile
20. The shares available to sell/buy
Net Worth
Living Trust
Shares Outstanding
Market Capitalization
21. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Income
Property Rights
Executor
Salary
22. The distribution of investment funds among broad classes of assets.
Self-Interest
Asset Allocation
Insurance
FICA
23. An accounting entry acknowledging income or capital items
Credit
Disclosure
Secured Debt
Reconcile
24. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Face Value
Transaction Fee
Financial Goals
25. Savings account that pays market rate or better interest and allows access to funds without penalty.
Interest
I-9
Money Market Accounts
Inflation
26. The act of reducing the selling price of merchandise
Asset Allocation
Cash
Deduction
Statement of Cash Flows
27. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Deductions
Probate
Values
Property Rights
28. Receiving money for loaning money
Lending Investments
Bankruptcy
Liability
Income Statement
29. Is your gross income after certain reductions have been made
Adjusted Gross Income
W-4
Bond Rating
Personal Allowances
30. The recipient of funds or other benefits
Executor
Beneficiary
Market Capitalization
Expenses
31. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Installment Loan
Debt Consolidation
1040 EZ tax form
Ownership Investments
32. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Income Statement
Deduction
Bankruptcy
Transaction Fee
33. Income before taxes
Bond Rating
Gross Income
Net Worth
Liability
34. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Taxable Income
SEC Filings
Reconcile
Transfer Payments
35. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Annual Fee
Total Debt
Debt Consolidation
Installment Loan
36. A debt not backed by specific property to satisfy the indebtedness in case of default.
Probate
Indirect Car Loan
Tax Liability
Unsecured Debt
37. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bankruptcy
Predatory Lending
Interest
Expenses
38. Can be found in a newspaper and shows information about popular stocks.
APR
Stock Table
Installment Loan
Maturity Date
39. Loan with equal number of payments of the same amount over a fixed period of time.
Allocation
Installment Loan
Payday Loan
Secured Debt
40. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Secured Debt
Resources
Exemptions
Adjustable-Rate Loan
41. Things that incite or spur to action; rewards or reasons for performing a task.
Predatory Lending
Stock Symbol
Incentives
Retirement Planning
42. A bond with zero discounts
Property Rights
Market Capitalization
Liability
Zero-Coupon Bond
43. Loan deal in which the actual lender may not be known to the borrower.
Secured Loan
Indirect Car Loan
Taxable Income
Debt Consolidation
44. The standard IRS form for individual tax returns.
Bankruptcy
Direct Car Loan
Return
1040 tax form
45. The money(usually a set amount) given to an individual to spend
Total Debt
Withdrawal
Lien
Personal Allowances
46. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Market Capitalization
Probate
Common Stock
Shares Outstanding
47. Short-term and Long-term objectives that are driven by values.
Pay Period
Financial Goals
Par Value
APR
48. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Deductions
Liability
Mutual Funds
1040 EZ tax form
49. Anything that is used to produce goods or services
Predatory Lending
dividends
Resources
Vesting
50. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Vesting
Beneficiary
Index Fund
Financial Institution