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Wealth Management

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. Money paid to a worker






2. A debt; something disadvantageous






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






4. 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






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






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






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






8. An amount that credit card companies can charge for the use of a credit card.






9. Protection against future loss






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






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






12. The process of making a decision - usually complex






13. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






14. The standard IRS form for individual tax returns.






15. All costs or bills related to the business






16. 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






17. The standard IRS form for individual tax returns.






18. Loan where the lender goes through the borrower






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






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






21. Limited quantities of resources to meet unlimited wants






22. The money paid for employee services






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






24. Shares of ownership in a company






25. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






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






27. An accounting entry acknowledging income or capital items






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






29. Receiving money for loaning money






30. Receiving money for loaning money






31. 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.






32. Maintain by writing regular records






33. Concern for ones own well being and advantages






34. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






35. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






36. A business activity that changes assets - liabilities - or owner's equity






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






38. The maximum credit that a customer is allowed






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






40. Electronic Funds Transfer






41. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






42. A venture undertaken without regard to possible loss or injury






43. 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






44. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






45. A general and progressive increase in prices






46. The amount accruing to the corporations owners

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47. The process of managing one's assets and wealth






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






49. The recipient of funds or other benefits






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







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