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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. Making money for owning something






2. A general and progressive increase in prices






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






4. Is your gross income after certain reductions have been made






5. An accounting entry acknowledging income or capital items






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






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






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






9. The money paid for employee services






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






11. Concern for ones own well being and advantages






12. 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.






13. An accounting entry acknowledging income or capital items






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






15. 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






16. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






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






18. The maximum credit that a customer is allowed






19. 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






20. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






21. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






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






24. The apparent worth as opposed to the real worth






25. 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.






26. Payment for insurance






27. Having honest intentions






28. Is your gross income after certain reductions have been made






29. An exchange that occurs as a compromise






30. A fixed charge for borrowing money






31. Something of value; a resource; an advantage






32. Electronic Funds Transfer






33. An exchange that occurs as a compromise






34. Something that is made open or revealed






35. 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.






36. The act of reducing the selling price of merchandise






37. Total assets minus total liabilities






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






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






40. Simplified IRS tax form which some individuals can file instead of the 1040 form.






41. The shares available to sell/buy






42. A delay in enforcing rights or claims or privileges






43. The extent to which something is covered






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






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






46. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






47. 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






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






49. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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







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