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. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






2. Arrangement for deferred payment for goods and services






3. An accounting entry acknowledging sums that are owing






4. A loan where the payment is acheived through interest






5. Electronic Funds Transfer






6. Shares of ownership in a company






7. The date on which a financial obligation must be repaid






8. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






9. A regular payment to a person that iis intended to allow them to subsist without working






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






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






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






13. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






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






15. Making money for owning something






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






17. An accounting entry acknowledging income or capital items






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






19. Stock other than preferred stock






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






21. The act of lending money at an exorbitant rate of interest






22. Production of a certain amount






23. Electronic Funds Transfer






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






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






26. The amount accruing to the corporations owners

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27. A loan in which the rate can be altered to adjust to economical need






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






29. The period covered by a salary payment






30. All costs or bills related to the business






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






32. The time interval between the deposit of a check in a bank and its payment






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






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






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






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






37. The amount of money you would need to deposit now in order to attain a desired amount in the future






38. 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.






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






40. The money paid for employee services






41. Shares of ownership in a company






42. The standard IRS form for individual tax returns.






43. Stock other than preferred stock






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






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






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






47. Anything that is used to produce goods or services






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






49. An obligation to pay money to another party






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