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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. The time interval between the deposit of a check in a bank and its payment
Liability
Late Fee
Float
Executor
2. An amount that credit card companies can charge for the use of a credit card.
Net Worth
Interest Rate
Financial Institution
Annual Fee
3. Interest calculated on both the principal and the accrued interest
Vesting
Compound Interest
Installment Loan
Transfer Payments
4. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Beneficiary
Payday Loan
Credit
Fixed-Rate Loan
5. A debt; something disadvantageous
Exemptions
Unsecured Loan
Liability
Pension
6. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Collectibles
Credit
Wealth Management
Transaction Fee
7. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Foreclosure
Deposit
Line of Credit
8. Receiving money for loaning money
Lending Investments
Coverage
Collectibles
Balance Sheet
9. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Secured Debt
Collectibles
Time value of money
10. Prompt payment for goods or services in currency or by check
Wealth Management
Unsecured Loan
Transaction
Cash
11. The amount of money you would need to deposit now in order to attain a desired amount in the future
Interest Rate
Present Value
Good Faith
Return
12. Concern for ones own well being and advantages
Mutual Funds
Total Debt
Deduction
Self-Interest
13. The extent to which something is covered
Coverage
Installment Loan
Money Market Accounts
Gross Income
14. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Rent
Ownership Investments
Present Value
15. A bond with zero discounts
Personal Budget
Time value of money
Market Capitalization
Zero-Coupon Bond
16. A loan backed by something valuable - such as property
Payday Loan
Credit
Executor
Secured Loan
17. The value of a security that is set by the company issuing it
EFT
Balance Sheet
Par Value
Foreclosure
18. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
EFT
Allocation
FICA
19. Institution that functions much like a business - but does not operate for the purpose of generating profits
Present Value
Nonprofit Organization
Interest Rate
Common Stock
20. An obligation to pay money to another party
W-4
Debit
Liability
Total Assets
21. A debt not backed by specific property to satisfy the indebtedness in case of default.
Decison-making
Deduction
Unsecured Debt
Saving
22. A delay in enforcing rights or claims or privileges
Probate
Checkbook Register
Forbearance
Face Value
23. A yearly statement of the financial condition - progress - and expectations of an organization
Certificates of Deposit
Executor
Net Income
Annual Report
24. An evaluation by a rating company of the probability that a particular bond issue will default
Usury
Bond Rating
Taxable Income
Beneficiary
25. The interest rate that a bond issuer will pay to a bondholder
Common Stock
Stock Exchanges
Stock Table
Coupon Rate
26. Income on which tax must be paid; total income minus exemptions and deductions
Taxable Income
Time value of money
Saving
Coupon Rate
27. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Gross Income
Property Rights
Liability
28. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Preferred Stock
Total Assets
Asset Allocation
Statement of Cash Flows
29. By planning ahead you can ensure financial stability during your retirement.
Shares Outstanding
Risk
Stockholders' Equity
Retirement Planning
30. A person appointed by a testator to carry out the terms of the will
Coverage
Executor
Deduction
Values
31. The amount of tax owed
Tax Liability
Pay Period
Financial Statements
Consequence
32. An accounting entry acknowledging income or capital items
Insurance
Trade-off
Credit
Adjusted Gross Income
33. Financial organization that pools people's money and invests it
Direct Car Loan
Unsecured Loan
Mutual Funds
Stock Exchanges
34. A fixed charge for borrowing money
Property Rights
Interest
Foreclosure
Unsecured Debt
35. The act of taking out money or other capital
Deposit
Withdrawal
Self-Interest
Saving
36. A loan in which the rate can be altered to adjust to economical need
Adjustable-Rate Loan
Coupon Rate
Yield
Total Debt
37. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Par Value
Annual Report
Payday Loan
Insurance
38. Stock other than preferred stock
Inflation
Expenses
Common Stock
Financial Institution
39. The act of lending money at an exorbitant rate of interest
Compound Interest
Risk
Profit
Usury
40. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Deductible
Personal Budget
Index Fund
1040 EZ tax form
41. Short-term and Long-term objectives that are driven by values.
Coupon Rate
Coverage
Financial Goals
Stock Table
42. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Personal Allowances
Expenses
Foreclosure
Bankruptcy
43. The distribution of investment funds among broad classes of assets.
Asset Allocation
Asset
Secured Debt
EDGAR
44. An automatic loan made to you if you write a check for more money than you have in your account
EFT
Overdraft protection
Billing Statement
Wage
45. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Annual Report
Stock Exchanges
Deduction
1040 EZ tax form
46. Savings account that pays market rate or better interest and allows access to funds without penalty.
Interest Rate
Transfer Payments
I-9
Money Market Accounts
47. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
Billing Statement
Balance Sheet
Maturity Date
48. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Financial Institution
Float
Allocation
49. Limited quantities of resources to meet unlimited wants
Asset Allocation
Preferred Stock
Scarcity
Indirect Car Loan
50. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Executor
Personal Budget
Certificates of Deposit
Usury