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. A loan where the payment is acheived through interest






2. 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.






3. Production of a certain amount






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






5. 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






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






7. Something that is made open or revealed






8. 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.






9. The act of taking out money or other capital






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






11. Anything that is used to produce goods or services






12. The amount of tax owed






13. Financial organization that pools people's money and invests it






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






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






16. An act of economizing






17. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






18. Items of personal interest to collectors that can increase in value in the future






19. Savings account that pays market rate or better interest and allows access to funds without penalty.






20. The apparent worth as opposed to the real worth






21. The economical needs of an individual






22. Short-term and Long-term objectives that are driven by values.






23. 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






24. Financial organization that pools people's money and invests it






25. Financial organization that pools people's money and invests it






26. Having honest intentions






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






28. The shares available to sell/buy






29. The value of a security that is set by the company issuing it






30. The commercial activity of transporting and selling goods from a producer to a consumer






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






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






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






34. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






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






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






37. Someone who lends money at excessive rates of interest






38. Payment for insurance






39. A yearly statement of the financial condition - progress - and expectations of an organization






40. Stock other than preferred stock






41. Making money for owning something






42. The money(usually a set amount) given to an individual to spend






43. Production of a certain amount






44. A delay in enforcing rights or claims or privileges






45. A fixed charge for borrowing money






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






47. Institution that functions much like a business - but does not operate for the purpose of generating profits






48. Having honest intentions






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






50. Receiving money for loaning money