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 date on which a financial obligation must be repaid






2. Income before taxes






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






4. The shares available to sell/buy






5. An extra charge for various credit activities such as using an ATM or receiving a cash advance






6. Limited quantities of resources to meet unlimited wants






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






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






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






10. 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






11. Total assets minus total liabilities






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






13. Place to create a savings account.






14. The recipient of funds or other benefits






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






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






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






18. 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.






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






20. Production of a certain amount






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






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






23. Give back (tax return)






24. Someone who lends money at excessive rates of interest






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






26. An exchange that occurs as a compromise






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






28. 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.






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






30. The process of making a decision - usually complex






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






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






33. The standard IRS form for individual tax returns.






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






35. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






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






38. Arrangement for deferred payment for goods and services






39. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






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






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






42. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






43. Limited quantities of resources to meet unlimited wants






44. 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






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






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






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






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






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






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