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. Bring into consonance or accord - to agree on terms






2. 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.






3. Loan deal in which the actual lender may not be known to the borrower.






4. A debt; something disadvantageous






5. Whatever must be given up to obtain some item






6. The amount accruing to the corporations owners

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7. A record of checks written and deposits made in a checking account - kept by the depositor






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






9. Production of a certain amount






10. Is your gross income after certain reductions have been made






11. The process of making a decision - usually complex






12. 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.






13. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






14. Compute credits and debits of an account






15. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






17. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






18. The economical needs of an individual






19. A payment given as a guarantee that an obligation will be met






20. Financial organization that pools people's money and invests it






21. 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






22. Grant use or occupation of under a term of contract






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






24. Having honest intentions






25. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






26. A share set aside for a specific purpose






27. Income before taxes






28. Compute credits and debits of an account






29. The financial gain (earned or unearned) accruing over a given period of time






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






31. The time interval between the deposit of a check in a bank and its payment






32. The amount of tax owed






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






34. 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






35. The financial gain (earned or unearned) accruing over a given period of time






36. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






37. A loan in which the rate can be altered to adjust to economical need






38. Income on which tax must be paid; total income minus exemptions and deductions






39. The rights of an individual to own - use - rent - invest in - buy - and sell property.






40. Institution that functions much like a business - but does not operate for the purpose of generating profits






41. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






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






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






44. Something that is made open or revealed






45. A bond with zero discounts






46. Money paid to a worker






47. Funds that are often times traded through a stock exchange (NYSE)






48. 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.






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






50. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company