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 legal document declaring a person's wishes regarding the disposal of their property when they die






2. The economical needs of an individual






3. 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






4. A loan backed by something valuable - such as property






5. Profits paid to investors






6. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






7. Electronic Funds Transfer






8. Concern for ones own well being and advantages






9. Shares of ownership in a company






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






11. 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.






12. A bond with zero discounts






13. Limited quantities of resources to meet unlimited wants






14. Diagnosis Codes (in CCB Popup if more then 5 codes)






15. A fixed charge for borrowing money






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






17. An obligation to pay money to another party






18. A bank account that accumulates interest






19. An act of economizing






20. A delay in enforcing rights or claims or privileges






21. A yearly statement of the financial condition - progress - and expectations of an organization






22. A financial statement that gives operating results for a specific period






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






24. Diagnosis Codes (in CCB Popup if more then 5 codes)






25. An accounting entry acknowledging sums that are owing






26. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






27. An amount that credit card companies can charge for the use of a credit card.






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






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






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






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






32. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






33. Anything that is used to produce goods or services






34. The act of reducing the selling price of merchandise






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






36. The value of a security that is set by the company issuing it






37. Short-term and Long-term objectives that are driven by values.






38. An exchange that occurs as a compromise






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






40. A loan where the payment is acheived through interest






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






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






43. 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.






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






45. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






46. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






47. A long-term loan extended to someone who buys property






48. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






50. Shares of ownership in a company