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. A delay in enforcing rights or claims or privileges






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






3. An act of economizing






4. Something that is made open or revealed






5. Something of value; a resource; an advantage






6. The amount accruing to the corporations owners

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


7. Someone who lends money at excessive rates of interest






8. The act of taking out money or other capital






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






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






11. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






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






13. Give back (tax return)






14. The money paid for employee services






15. An exchange that occurs as a compromise






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






17. A debt; something disadvantageous






18. Shares of ownership in a company






19. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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






21. A penalty for making a payment after the due date






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






23. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






24. A delay in enforcing rights or claims or privileges






25. Place to create a savings account.






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






27. A fixed charge for borrowing money






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






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






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






31. 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.






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






33. The apparent worth as opposed to the real worth






34. 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






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






36. Whatever must be given up to obtain some item






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






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






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






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






41. A general and progressive increase in prices






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






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






44. Income before taxes






45. The act of taking out money or other capital






46. An obligation to pay money to another party






47. Loan where the lender goes through the borrower






48. Having honest intentions






49. The percentage of a sum of money charged for its use






50. Things that incite or spur to action; rewards or reasons for performing a task.