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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. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Forbearance
EDGAR
Unsecured Loan
Face Value
2. The apparent worth as opposed to the real worth
Face Value
Identity Theft
Statement of Cash Flows
Trade-off
3. Place to create a savings account.
Personal Budget
Income Statement
Savings Register
Lending Investments
4. The interest rate that a bond issuer will pay to a bondholder
Personal Budget
Annual Report
Probate
Coupon Rate
5. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Deduction
Vesting
Asset Allocation
Exchange-Traded Funds
6. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Unsecured Debt
Annual Fee
Interest Rate
Securities
7. Payment for insurance
APR
Incentives
Installment Loan
Premium
8. A penalty for making a payment after the due date
Late Fee
Personal Allowances
Deductible
Credit
9. 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.
Self-Interest
Certificates of Deposit
Loan
Balance Sheet
10. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Withdrawal
Debt Consolidation
Phishing
On-Boarding
11. Anything that is used to produce goods or services
Adjustable-Rate Loan
Allocation
Late Fee
Resources
12. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Billing Statement
Profit
Withdrawal
EDGAR
13. Diagnosis Codes (in CCB Popup if more then 5 codes)
Bankruptcy
EDGAR
I-9
Interest
14. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Distribution
Cash
Gross Income
Total Debt
15. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Compound Interest
Certificates of Deposit
Identity Theft
Executor
16. The recipient of funds or other benefits
Opportunity Cost
Par Value
Beneficiary
Exemption
17. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Personal Allowances
Fixed-Rate Loan
Retirement Planning
18. Arrangement for deferred payment for goods and services
Credit
1040 tax form
Float
Property Rights
19. Place to create a savings account.
Late Fee
Values
Credit
Savings Register
20. 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.
Scarcity
Bank Statement
Allocation
Transfer Payments
21. A record of checks written and deposits made in a checking account - kept by the depositor
Pay Period
Checkbook Register
Pension
Present Value
22. An automatic loan made to you if you write a check for more money than you have in your account
dividends
Overdraft protection
Coverage
Deduction
23. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Compound Interest
Personal Budget
Deductions
Risk
24. Institution that functions much like a business - but does not operate for the purpose of generating profits
Probate
Transaction Fee
Nonprofit Organization
Will
25. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Compound Interest
On-Boarding
Executor
Present Value
26. Someone who lends money at excessive rates of interest
Nonprofit Organization
Loan Shark
EDGAR
Profit
27. Anything that is used to produce goods or services
Resources
Certificates of Deposit
Payday Loan
Unsecured Debt
28. Arrangement for deferred payment for goods and services
Opportunity Cost
Credit
Salary
Adjustable-Rate Loan
29. Give back (tax return)
Investing
Predatory Lending
Return
Time value of money
30. 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
APR
Asset Allocation
Zero-Coupon Bond
Interest Rate
31. Loan deal in which the actual lender may not be known to the borrower.
Retirement Planning
Debt Consolidation
Incentives
Indirect Car Loan
32. A business activity that changes assets - liabilities - or owner's equity
Salary
Transaction
Identity Theft
Estate Planning
33. Profits paid to investors
dividends
Lending Investments
Good Faith
Savings Register
34. A loan where the payment is acheived through interest
Secured Loan
Cannibalizing assets
Interest-Only Loan
Mutual Funds
35. The economical needs of an individual
Financial Needs
Pension
Total Debt
W-4
36. Maintain by writing regular records
Maintain
Transfer Payments
Interest-Only Loan
Scarcity
37. The financial gain (earned or unearned) accruing over a given period of time
Investing
Income
Liability
Saving
38. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Savings Register
Securities
Predatory Lending
39. The period covered by a salary payment
Consequence
Income
Pay Period
Deductible
40. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Deduction
Certificates of Deposit
Property Rights
Secured Loan
41. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Adjustable-Rate Loan
Financial Needs
Cannibalizing assets
Foreclosure
42. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Tax Liability
Return
Mortage
Time value of money
43. Diagnosis Codes (in CCB Popup if more then 5 codes)
Line of Credit
Ownership Investments
Risk
I-9
44. The maximum credit that a customer is allowed
Opportunity Cost
Line of Credit
Total Assets
Total Debt
45. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Risk
Common Stock
Property Rights
1040 EZ tax form
46. The money(usually a set amount) given to an individual to spend
Personal Allowances
Financial Statements
Self-Interest
Bonds
47. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Transfer Payments
1040 tax form
Lien
48. 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.
Interest Rate
Personal Allowances
Interest-Only Loan
Secured Loan
49. A financial statement that gives operating results for a specific period
Personal Allowances
Income Statement
Savings Register
Asset
50. A bank account that accumulates interest
Consequence
Savings Account
Billing Statement
Issuer