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






2. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






3. Limited quantities of resources to meet unlimited wants






4. Place to create a savings account.






5. Money paid to a worker






6. Protection against future loss






7. The act of reducing the selling price of merchandise






8. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






10. Grant use or occupation of under a term of contract






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






12. A financial statement that gives operating results for a specific period






13. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






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






15. Electronic Funds Transfer






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






17. A bank account that accumulates interest






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






19. Something of value; a resource; an advantage






20. The maximum credit that a customer is allowed






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






22. A periodic statement prepared by a bank for each client






23. The distribution of investment funds among broad classes of assets.






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






25. Total assets minus total liabilities






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






27. The apparent worth as opposed to the real worth






28. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






30. An amount that credit card companies can charge for the use of a credit card.






31. The date on which a financial obligation must be repaid






32. 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.






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






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






35. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






37. An automatic loan made to you if you write a check for more money than you have in your account






38. 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






39. The interest rate that a bond issuer will pay to a bondholder






40. An accounting entry acknowledging income or capital items






41. An act of economizing






42. The date on which a financial obligation must be repaid






43. Making money for owning something






44. Bring into consonance or accord - to agree on terms






45. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






46. The amount accruing to the corporations owners


47. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






48. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






49. All costs or bills related to the business






50. A fixed charge for borrowing money