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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. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Insolvent
Debt Consolidation
Secured Debt
Transfer Payments
2. A legal document declaring a person's wishes regarding the disposal of their property when they die
Bonds
Deduction
Zero-Coupon Bond
Will
3. A record of checks written and deposits made in a checking account - kept by the depositor
Profit
Present Value
Estate Planning
Checkbook Register
4. The outcome of an event especially as relative to an individual
Lending Investments
Ownership Investments
Consequence
Cash
5. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Incentives
Exemption
Adjustable-Rate Loan
Total Assets
6. The value of a security that is set by the company issuing it
dividends
Par Value
Coverage
Secured Debt
7. Receiving money for loaning money
On-Boarding
Interest
Debit
Lending Investments
8. A business activity that changes assets - liabilities - or owner's equity
Transaction
Lending Investments
Insurance
Secured Loan
9. Stock other than preferred stock
Common Stock
Distribution
Estate Planning
Total Debt
10. Stock other than preferred stock
Direct Car Loan
Credit
Exchange-Traded Funds
Common Stock
11. Prompt payment for goods or services in currency or by check
Self-Interest
Cash
Secured Loan
EFT
12. A specific plan for spending your income
Savings Account
Nonprofit Organization
Personal Budget
Bond Rating
13. A person appointed by a testator to carry out the terms of the will
Probate
Deduction
Executor
Disclosure
14. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Coupon Rate
Tax Liability
Probate
Common Stock
15. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Pension
Interest
Deposit
16. The amount of money you would need to deposit now in order to attain a desired amount in the future
Allocation
Values
Present Value
Resources
17. The shares available to sell/buy
On-Boarding
Consequence
Shares Outstanding
Installment Loan
18. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Collectibles
Unsecured Loan
Retirement Planning
Financial Needs
19. Interest calculated on both the principal and the accrued interest
Property Rights
Shares Outstanding
Compound Interest
Loan Shark
20. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Debt Consolidation
Wealth Management
Unsecured Loan
21. The rights of an individual to own - use - rent - invest in - buy - and sell property.
I-9
Allocation
Property Rights
Financial Needs
22. Whatever must be given up to obtain some item
Interest Rate
Opportunity Cost
Transfer Payments
Ownership Investments
23. 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
Credit
Fixed-Rate Loan
Market Capitalization
Income Statement
24. A person appointed by a testator to carry out the terms of the will
Executor
Stock Symbol
Debit
Forbearance
25. The outcome of an event especially as relative to an individual
I-9
Credit
Consequence
Income Statement
26. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Stockholders' Equity
Coverage
Trade-off
27. The standard IRS form for individual tax returns.
Adjusted Gross Income
Income
Deductible
1040 tax form
28. The date on which a financial obligation must be repaid
Late Fee
Present Value
Tax Liability
Maturity Date
29. The money(usually a set amount) given to an individual to spend
Personal Allowances
Bankruptcy
Mutual Funds
Distribution
30. Loan with equal number of payments of the same amount over a fixed period of time.
Salary
Consequence
Self-Interest
Installment Loan
31. A yearly statement of the financial condition - progress - and expectations of an organization
Deduction
Annual Report
EFT
Financial Institution
32. A loan backed by something valuable - such as property
Probate
Unsecured Loan
Secured Loan
Loan
33. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Balance
Interest Rate
Annual Fee
34. The amount of money you would need to deposit now in order to attain a desired amount in the future
Tax Liability
W-4
EDGAR
Present Value
35. The financial gain (earned or unearned) accruing over a given period of time
Deductible
Nonprofit Organization
Ownership Investments
Income
36. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Interest Rate
Financial Needs
Bankruptcy
Return
37. An obligation to pay money to another party
Liability
Executor
Total Debt
EFT
38. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Living Trust
Stock Table
Zero-Coupon Bond
39. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Salary
SEC Filings
Trade-off
Exemption
40. An exchange that occurs as a compromise
Preferred Stock
Net Income
Bank Statement
Trade-off
41. The maximum credit that a customer is allowed
Line of Credit
Reconcile
Profit
Inflation
42. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Income
Financial Goals
Face Value
W-4
43. Arrangement for deferred payment for goods and services
Annual Fee
Credit
Unsecured Debt
Financial Institution
44. The act of reducing the selling price of merchandise
Saving
Deduction
Ownership Investments
Executor
45. A loan in which the rate can be altered to adjust to economical need
Vesting
Interest
Adjustable-Rate Loan
Collectibles
46. Financial organization that pools people's money and invests it
Consequence
Beneficiary
Deposit
Mutual Funds
47. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Fixed-Rate Loan
Tax Liability
Late Fee
SEC Filings
48. Profits paid to investors
Money Market Accounts
Expenses
dividends
Total Assets
49. A debt; something disadvantageous
Par Value
Balance Sheet
Balance
Liability
50. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Inflation
Reconcile
Deduction
Time value of money