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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 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.
Investing
I-9
Coverage
Installment Loan
2. Production of a certain amount
Bankruptcy
Yield
Financial Institution
Deductible
3. The distribution of investment funds among broad classes of assets.
Compound Interest
Asset Allocation
Statement of Cash Flows
APR
4. Loan deal in which the actual lender may not be known to the borrower.
Executor
Collectibles
Exemptions
Indirect Car Loan
5. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Investing
Transaction Fee
Living Trust
Shares Outstanding
6. Loan where the lender goes through the borrower
Lien
Interest
Direct Car Loan
Income Statement
7. The outcome of an event especially as relative to an individual
Decison-making
Stock Exchanges
Consequence
Income
8. The maximum credit that a customer is allowed
Deductions
Line of Credit
Transaction
Vesting
9. A venture undertaken without regard to possible loss or injury
Self-Interest
Trade-off
Checkbook Register
Risk
10. Loan deal in which the actual lender may not be known to the borrower.
Interest
Interest Rate
Indirect Car Loan
Insurance
11. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
EFT
Annual Report
Securities
Certificates of Deposit
12. The outcome of an event especially as relative to an individual
APR
Cash
Coupon Rate
Consequence
13. Arrangement for deferred payment for goods and services
EDGAR
Billing Statement
401 K
Credit
14. The act of reducing the selling price of merchandise
Net Income
Credit
Liability
Deduction
15. A yearly statement of the financial condition - progress - and expectations of an organization
Common Stock
Coupon Rate
Annual Report
Ownership Investments
16. A financial statement that gives operating results for a specific period
Income Statement
Liability
Savings Register
Overdraft protection
17. Is your gross income after certain reductions have been made
Secured Debt
Adjusted Gross Income
Stockholders' Equity
Interest-Only Loan
18. A loan backed by something valuable - such as property
Transaction
Pay Period
SEC Filings
Secured Loan
19. Something that is made open or revealed
Checkbook Register
Disclosure
Secured Debt
Premium
20. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Financial Goals
Foreclosure
Deposit
21. 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
FICA
APR
Deposit
Balance
22. Certificates that represent money the government has borrowed from private citizens
Liability
Bonds
Taxable Income
Maintain
23. Business organizations that accommodate the buying and selling of securities.
Wealth Management
Stock Exchanges
Float
Disclosure
24. Can be found in a newspaper and shows information about popular stocks.
Reconcile
Decison-making
Stock Table
Annual Fee
25. Diagnosis Codes (in CCB Popup if more then 5 codes)
Deductible
Float
I-9
Savings Account
26. A financial statement that gives operating results for a specific period
Secured Debt
Exchange-Traded Funds
Present Value
Income Statement
27. A loan backed by something valuable - such as property
Cannibalizing assets
Net Worth
Deposit
Secured Loan
28. Interest calculated on both the principal and the accrued interest
Compound Interest
Deductible
Deductible
Adjustable-Rate Loan
29. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Predatory Lending
Probate
Mutual Funds
Liability
30. An evaluation by a rating company of the probability that a particular bond issue will default
Forbearance
Bond Rating
Estate Planning
Premium
31. 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.
Cash
Shares Outstanding
1040 EZ tax form
Transfer Payments
32. Protection against future loss
Insurance
Financial Needs
Bankruptcy
Money Market Accounts
33. Someone who has insufficient assets to cover their debts
Pay Period
Probate
Insolvent
Personal Budget
34. Place to create a savings account.
Total Assets
Disclosure
Total Debt
Savings Register
35. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Cash
Allocation
Payday Loan
Beneficiary
36. A person appointed by a testator to carry out the terms of the will
Incentives
Overdraft protection
FICA
Executor
37. A specific plan for spending your income
Unsecured Debt
Personal Budget
Pay Period
Issuer
38. Payment for insurance
Premium
Preferred Stock
Stock Exchanges
Foreclosure
39. 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
Exemptions
Gross Income
Coupon Rate
Identity Theft
40. A long-term loan extended to someone who buys property
Mutual Funds
Unsecured Loan
Mortage
Expenses
41. Preparing a plan for transferring property during one's lifetime and at one's death
Securities
Will
Estate Planning
Self-Interest
42. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bank Statement
Interest
Bankruptcy
401 K
43. Limited quantities of resources to meet unlimited wants
Loan
Cash
Money Market Accounts
Scarcity
44. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Pay Period
Common Stock
Vesting
FICA
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
Net Income
Deposit
Loan Shark
EFT
46. Items of personal interest to collectors that can increase in value in the future
EDGAR
Issuer
I-9
Collectibles
47. Whatever must be given up to obtain some item
Opportunity Cost
Withdrawal
Usury
Transaction Fee
48. Institution that functions much like a business - but does not operate for the purpose of generating profits
Adjustable-Rate Loan
Nonprofit Organization
Unsecured Loan
Statement of Cash Flows
49. Shares of ownership in a company
Stocks
Installment Loan
Secured Loan
Expenses
50. The process of making a decision - usually complex
Decison-making
Transaction Fee
Risk
Stock Symbol