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. The money paid for employee services






2. Certificates that represent money the government has borrowed from private citizens






3. An exchange that occurs as a compromise






4. The recipient of funds or other benefits






5. The amount accruing to the corporations owners

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6. Production of a certain amount






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






8. Short-term and Long-term objectives that are driven by values.






9. The amount of tax owed






10. Whatever must be given up to obtain some item






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






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






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






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






15. Having honest intentions






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






17. Concern for ones own well being and advantages






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






19. The standard IRS form for individual tax returns.






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






21. The interest rate that a bond issuer will pay to a bondholder






22. Making money for owning something






23. An exchange that occurs as a compromise






24. The extent to which something is covered






25. An accounting entry acknowledging income or capital items






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






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






28. Give back (tax return)






29. Prompt payment for goods or services in currency or by check






30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






31. A fixed charge for borrowing money






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






33. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






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






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






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






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






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






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






40. Something of value; a resource; an advantage






41. The amount accruing to the corporations owners

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42. Grant use or occupation of under a term of contract






43. A loan where the payment is acheived through interest






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






45. An obligation to pay money to another party






46. The financial gain (earned or unearned) accruing over a given period of time






47. A bank account that accumulates interest






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






49. An obligation to pay money to another party






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