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. Money paid to a worker






2. The shares available to sell/buy






3. The recipient of funds or other benefits






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






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






6. The recipient of funds or other benefits






7. Payment for insurance






8. The distribution of investment funds among broad classes of assets.






9. An exchange that occurs as a compromise






10. The act of reducing the selling price of merchandise






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






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






13. Items of personal interest to collectors that can increase in value in the future






14. Savings account that pays market rate or better interest and allows access to funds without penalty.






15. A specific plan for spending your income






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






17. The apparent worth as opposed to the real worth






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






19. Place to create a savings account.






20. The process of making a decision - usually complex






21. Loan where the lender goes through the borrower






22. An act of economizing






23. A fixed charge for borrowing money






24. A loan where the payment is acheived through interest






25. Compute credits and debits of an account






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






27. An evaluation by a rating company of the probability that a particular bond issue will default






28. An obligation to pay money to another party






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






30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






31. Profits paid to investors






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






33. The percentage of a sum of money charged for its use






34. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






35. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






36. Something of value; a resource; an advantage






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






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






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






40. The right to take another's property if an obligation is not discharged






41. Arrangement for deferred payment for goods and services






42. The act of taking out money or other capital






43. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






44. A delay in enforcing rights or claims or privileges






45. Prompt payment for goods or services in currency or by check






46. A general and progressive increase in prices






47. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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






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






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