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. 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.






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






3. Compute credits and debits of an account






4. 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.






5. A loan that is paid off in a fixed rate over a period of time






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






7. An act of economizing






8. The extent to which something is covered






9. A delay in enforcing rights or claims or privileges






10. A loan where the payment is acheived through interest






11. The amount of tax owed






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






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






14. Place to create a savings account.






15. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






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






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






19. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






21. The apparent worth as opposed to the real worth






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






23. All costs or bills related to the business






24. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






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






27. Concern for ones own well being and advantages






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






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






30. All costs or bills related to the business






31. A debt; something disadvantageous






32. Things that incite or spur to action; rewards or reasons for performing a task.






33. The commercial activity of transporting and selling goods from a producer to a consumer






34. Anything that is used to produce goods or services






35. Business organizations that accommodate the buying and selling of securities.






36. An obligation to pay money to another party






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






38. Maintain by writing regular records






39. Someone who has insufficient assets to cover their debts






40. An institution that issues something (securities or publications or currency etc.)






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






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






43. Profits paid to investors






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






45. Making money for owning something






46. Having honest intentions






47. A bond with zero discounts






48. A delay in enforcing rights or claims or privileges






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






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