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. 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






2. 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






3. Stock other than preferred stock






4. An exchange that occurs as a compromise






5. Profits paid to investors






6. The process of making a decision - usually complex






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






8. Production of a certain amount






9. Can be found in a newspaper and shows information about popular stocks.






10. A general and progressive increase in prices






11. 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.






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






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






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






15. The money(usually a set amount) given to an individual to spend






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






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






18. Income before taxes






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






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






21. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






22. Anything that is used to produce goods or services






23. The standard IRS form for individual tax returns.






24. Shares of ownership in a company






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






26. An obligation to pay money to another party






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






28. Concern for ones own well being and advantages






29. The act of reducing the selling price of merchandise






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






31. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






32. A bank account that accumulates interest






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






34. 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






35. Concern for ones own well being and advantages






36. A delay in enforcing rights or claims or privileges






37. An act of economizing






38. The outcome of an event especially as relative to an individual






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






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






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






42. The economical needs of an individual






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






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






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






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






47. 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






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






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






50. The amount of tax owed