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






2. The apparent worth as opposed to the real worth






3. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






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






5. 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






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






7. Anything that is used to produce goods or services






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






9. A fixed charge for borrowing money






10. Profits paid to investors






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






12. A loan in which the rate can be altered to adjust to economical need






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






14. Payment for insurance






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






16. 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.






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






18. An accounting entry acknowledging sums that are owing






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






20. The money paid for employee services






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






22. The amount accruing to the corporations owners

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






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






25. A loan backed by something valuable - such as property






26. The extent to which something is covered






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






28. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






29. A bond with zero discounts






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






31. A loan backed by something valuable - such as property






32. Electronic Funds Transfer






33. The shares available to sell/buy






34. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






35. 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






36. 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






37. The money paid for employee services






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






39. A delay in enforcing rights or claims or privileges






40. A person appointed by a testator to carry out the terms of the will






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






42. Someone who lends money at excessive rates of interest






43. A fixed charge for borrowing money






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






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






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






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






48. A periodic statement prepared by a bank for each client






49. Maintain by writing regular records






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