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






2. Protection against future loss






3. The economical needs of an individual






4. An act of economizing






5. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






6. A general and progressive increase in prices






7. The rights of an individual to own - use - rent - invest in - buy - and sell property.






8. Electronic Funds Transfer






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






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






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






12. The process of making a decision - usually complex






13. The extent to which something is covered






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






15. A yearly statement of the financial condition - progress - and expectations of an organization






16. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






18. A regular payment to a person that iis intended to allow them to subsist without working






19. Give back (tax return)






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






21. Someone who lends money at excessive rates of interest






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






23. An accounting entry acknowledging income or capital items






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






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






26. A share set aside for a specific purpose






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






28. 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.






29. Compute credits and debits of an account






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






31. The maximum credit that a customer is allowed






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






33. Someone who lends money at excessive rates of interest






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






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






36. Income before taxes






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






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






39. All costs or bills related to the business






40. The act of reducing the selling price of merchandise






41. 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






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






43. Someone who has insufficient assets to cover their debts






44. The amount accruing to the corporations owners

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






46. The act of reducing the selling price of merchandise






47. 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






48. 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.






49. A bond with zero discounts






50. The process of managing one's assets and wealth