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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. Grant use or occupation of under a term of contract






2. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






3. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






4. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






5. A delay in enforcing rights or claims or privileges






6. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






8. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






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






10. A record of checks written and deposits made in a checking account - kept by the depositor






11. 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






12. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






13. Someone who lends money at excessive rates of interest






14. An automatic loan made to you if you write a check for more money than you have in your account






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






16. 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.






17. A bank account that accumulates interest






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






19. The amount of tax owed






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






21. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






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






23. Limited quantities of resources to meet unlimited wants






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






25. Diagnosis Codes (in CCB Popup if more then 5 codes)






26. Total assets minus total liabilities






27. An act of economizing






28. An accounting entry acknowledging income or capital items






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






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






31. The shares available to sell/buy






32. The outcome of an event especially as relative to an individual






33. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






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






36. Protection against future loss






37. Having honest intentions






38. 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.






39. A bank account that accumulates interest






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






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






42. Electronic Funds Transfer






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






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






45. Receiving money for loaning money






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






47. Income on which tax must be paid; total income minus exemptions and deductions






48. A periodic statement prepared by a bank for each client






49. 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.






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







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