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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. The apparent worth as opposed to the real worth






2. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






3. The standard IRS form for individual tax returns.






4. 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.






5. An accounting entry acknowledging income or capital items






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






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






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






9. The recipient of funds or other benefits






10. 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.






11. Stock other than preferred stock






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






13. Having honest intentions






14. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






15. Making money for owning something






16. A loan backed by something valuable - such as property






17. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






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






20. The value of a security that is set by the company issuing it






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






22. Loan where the lender goes through the borrower






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






24. Receiving money for loaning money






25. All costs or bills related to the business






26. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






27. The standard IRS form for individual tax returns.






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






29. The act of taking out money or other capital






30. The maximum credit that a customer is allowed






31. Preparing a plan for transferring property during one's lifetime and at one's death






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






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






34. Bring into consonance or accord - to agree on terms






35. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






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






37. Financial organization that pools people's money and invests it






38. A payment given as a guarantee that an obligation will be met






39. The right to take another's property if an obligation is not discharged






40. The amount accruing to the corporations owners

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






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






43. The distribution of investment funds among broad classes of assets.






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






45. 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.






46. The period covered by a salary payment






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






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






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






50. Someone who lends money at excessive rates of interest







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