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 penalty for making a payment after the due date






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. 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






4. Can be found in a newspaper and shows information about popular stocks.






5. A person appointed by a testator to carry out the terms of the will






6. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






7. Loan with equal number of payments of the same amount over a fixed period of time.






8. Having honest intentions






9. The period covered by a salary payment






10. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






12. 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






13. Compute credits and debits of an account






14. Profits paid to investors






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






16. The amount of tax owed






17. Someone who has insufficient assets to cover their debts






18. Limited quantities of resources to meet unlimited wants






19. Loan where the lender goes through the borrower






20. Place to create a savings account.






21. The economical needs of an individual






22. Anything that is used to produce goods or services






23. The apparent worth as opposed to the real worth






24. Loan where the lender goes through the borrower






25. Payment for insurance






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






27. Business organizations that accommodate the buying and selling of securities.






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






29. Simplified IRS tax form which some individuals can file instead of the 1040 form.






30. The recipient of funds or other benefits






31. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






32. A penalty for making a payment after the due date






33. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






34. Concern for ones own well being and advantages






35. The amount accruing to the corporations owners

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36. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






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






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 shares available to sell/buy






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






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






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






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






44. 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.






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






46. 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.






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






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






49. Financial reports that summarize the financial condition and operations of a business






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