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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 standard IRS form for individual tax returns.
Decison-making
1040 tax form
Pension
Predatory Lending
2. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Billing Statement
Mutual Funds
Stocks
Deductible
3. The percentage of a sum of money charged for its use
Interest Rate
Reconcile
Stock Exchanges
Taxable Income
4. A bond with zero discounts
Secured Debt
Salary
Zero-Coupon Bond
Adjusted Gross Income
5. A long-term loan extended to someone who buys property
Balance Sheet
Stock Table
Mortage
Stockholders' Equity
6. An exchange that occurs as a compromise
Adjusted Gross Income
Bank Statement
Trade-off
Net Worth
7. Savings account that pays market rate or better interest and allows access to funds without penalty.
Interest Rate
Forbearance
Money Market Accounts
Savings Register
8. Anything that is used to produce goods or services
Coverage
Resources
Loan
Wage
9. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
EDGAR
Index Fund
Wealth Management
Reconcile
10. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Saving
Net Income
401 K
Exemption
11. The period covered by a salary payment
Vesting
Loan Shark
Overdraft protection
Pay Period
12. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Deposit
Transaction Fee
Exchange-Traded Funds
APR
13. An exchange that occurs as a compromise
Balance Sheet
Trade-off
Deductible
Living Trust
14. 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
Credit
Loan Shark
Market Capitalization
Issuer
15. The right to take another's property if an obligation is not discharged
Bankruptcy
Mortage
Deductible
Lien
16. The act of taking out money or other capital
Withdrawal
Money Market Accounts
Resources
Bonds
17. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Securities
W-4
Interest-Only Loan
Total Debt
18. The time interval between the deposit of a check in a bank and its payment
Good Faith
Transaction
Float
Issuer
19. Diagnosis Codes (in CCB Popup if more then 5 codes)
Shares Outstanding
Will
Market Capitalization
I-9
20. A loan backed by something valuable - such as property
1040 EZ tax form
Secured Loan
Unsecured Loan
Coupon Rate
21. Short-term and Long-term objectives that are driven by values.
Mutual Funds
Financial Goals
Time value of money
Liability
22. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Checkbook Register
Preferred Stock
Financial Goals
23. 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.
Securities
Interest Rate
I-9
Financial Needs
24. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Rent
Stock Symbol
Checkbook Register
Transfer Payments
25. The money(usually a set amount) given to an individual to spend
Opportunity Cost
Time value of money
Personal Allowances
Asset
26. The value of a security that is set by the company issuing it
Par Value
SEC Filings
Interest-Only Loan
Exchange-Traded Funds
27. Compute credits and debits of an account
Balance
Stocks
Tax Liability
Time value of money
28. A fixed charge for borrowing money
Financial Institution
Annual Report
Billing Statement
Interest
29. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Late Fee
Face Value
Income Statement
Payday Loan
30. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Issuer
Line of Credit
Index Fund
31. A legal document declaring a person's wishes regarding the disposal of their property when they die
Unsecured Debt
Retirement Planning
Pay Period
Will
32. A share set aside for a specific purpose
Saving
Expenses
Will
Allocation
33. Interest calculated on both the principal and the accrued interest
APR
Income Statement
Compound Interest
Zero-Coupon Bond
34. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Debit
Stocks
Financial Needs
35. The amount accruing to the corporations owners
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36. A share set aside for a specific purpose
Allocation
Deposit
Mutual Funds
Coverage
37. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Disclosure
Stock Symbol
Expenses
38. The process of managing one's assets and wealth
Exemptions
Wealth Management
Deposit
Saving
39. A periodic statement prepared by a bank for each client
Overdraft protection
Phishing
Interest Rate
Bank Statement
40. Arrangement for deferred payment for goods and services
Coverage
Self-Interest
Yield
Credit
41. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Living Trust
Liability
Savings Register
Securities
42. Compute credits and debits of an account
Beneficiary
Foreclosure
Credit
Balance
43. Anything that is used to produce goods or services
Stocks
Insolvent
Resources
Loan
44. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge
Scarcity
Asset
Secured Debt
Identity Theft
45. A long-term loan extended to someone who buys property
Gross Income
Mortage
I-9
Preferred Stock
46. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Values
Index Fund
Financial Institution
Vesting
47. A specific plan for spending your income
Rent
Personal Budget
Interest Rate
Coupon Rate
48. The shares available to sell/buy
Stock Table
Shares Outstanding
Mutual Funds
Incentives
49. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Savings Account
Total Debt
W-4
Savings Register
50. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Unsecured Loan
Disclosure
Present Value