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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 period covered by a salary payment
Asset Allocation
Pay Period
SEC Filings
Premium
2. The act of reducing the selling price of merchandise
Zero-Coupon Bond
Present Value
Deduction
401 K
3. Someone who has insufficient assets to cover their debts
Good Faith
Insolvent
FICA
Financial Goals
4. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Coupon Rate
Predatory Lending
Usury
Stock Symbol
5. Total assets minus total liabilities
Adjustable-Rate Loan
Stocks
Net Worth
Return
6. Financial organization that pools people's money and invests it
Indirect Car Loan
Secured Loan
Mutual Funds
Deposit
7. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Income
EFT
Ownership Investments
8. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Personal Allowances
Unsecured Debt
Bankruptcy
Coupon Rate
9. Funds that are often times traded through a stock exchange (NYSE)
I-9
Annual Fee
Exchange-Traded Funds
Personal Budget
10. The act of lending money at an exorbitant rate of interest
Usury
Executor
Zero-Coupon Bond
I-9
11. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Zero-Coupon Bond
1040 EZ tax form
Financial Statements
Foreclosure
12. A delay in enforcing rights or claims or privileges
Forbearance
Bankruptcy
Mutual Funds
Secured Loan
13. Concern for ones own well being and advantages
Transaction
Profit
Installment Loan
Self-Interest
14. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Annual Report
Liability
Wage
15. The interest rate that a bond issuer will pay to a bondholder
Retirement Planning
Financial Goals
Coupon Rate
Forbearance
16. 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
Probate
Disclosure
Total Debt
Exemptions
17. Financial organization that pools people's money and invests it
Mutual Funds
Cash
Total Debt
Reconcile
18. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Profit
Transaction Fee
Face Value
19. Loan deal in which the actual lender may not be known to the borrower.
Vesting
Indirect Car Loan
Interest-Only Loan
Taxable Income
20. Interest calculated on both the principal and the accrued interest
Beneficiary
Compound Interest
Good Faith
Preferred Stock
21. All costs or bills related to the business
Stockholders' Equity
Expenses
Deduction
Values
22. The outcome of an event especially as relative to an individual
Personal Budget
Lending Investments
Consequence
Saving
23. Receiving money for loaning money
Lending Investments
Interest Rate
Liability
Insolvent
24. Money paid to a worker
Insurance
Vesting
Exemptions
Wage
25. Electronic Funds Transfer
EFT
Financial Needs
Mutual Funds
Adjustable-Rate Loan
26. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Savings Account
Loan
Net Worth
Living Trust
27. The period covered by a salary payment
SEC Filings
Savings Account
Pay Period
Collectibles
28. A loan where the payment is acheived through interest
Interest-Only Loan
Total Assets
EFT
Resources
29. Grant use or occupation of under a term of contract
Rent
Billing Statement
Stock Table
APR
30. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Index Fund
Property Rights
Direct Car Loan
Present Value
31. A share set aside for a specific purpose
Balance Sheet
Consequence
Annual Fee
Allocation
32. The right to take another's property if an obligation is not discharged
Good Faith
Trade-off
Lien
Forbearance
33. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Market Capitalization
1040 EZ tax form
Adjustable-Rate Loan
401 K
34. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Decison-making
Deductions
Total Assets
35. Protection against future loss
Financial Goals
Foreclosure
Insurance
Coupon Rate
36. The money(usually a set amount) given to an individual to spend
Return
Consequence
Ownership Investments
Personal Allowances
37. The process of managing one's assets and wealth
Wealth Management
Credit
Insolvent
Deductible
38. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Opportunity Cost
FICA
Lien
Values
39. An automatic loan made to you if you write a check for more money than you have in your account
Phishing
Exemption
Overdraft protection
Maintain
40. 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.
Unsecured Debt
Maintain
Bankruptcy
Predatory Lending
41. An act of economizing
Incentives
Saving
dividends
Rent
42. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Deductions
Reconcile
Expenses
Property Rights
43. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Stock Exchanges
Total Assets
Financial Goals
44. 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.
Nonprofit Organization
W-4
Mutual Funds
Unsecured Loan
45. 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.
Par Value
Taxable Income
Transfer Payments
Compound Interest
46. A yearly statement of the financial condition - progress - and expectations of an organization
Preferred Stock
Annual Report
Indirect Car Loan
Tax Liability
47. The money(usually a set amount) given to an individual to spend
Taxable Income
Personal Allowances
Personal Budget
Insolvent
48. The time interval between the deposit of a check in a bank and its payment
Gross Income
Transaction Fee
Financial Needs
Float
49. The commercial activity of transporting and selling goods from a producer to a consumer
Probate
Distribution
Asset
Secured Loan
50. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Zero-Coupon Bond
Trade-off
Unsecured Loan
Financial Institution