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. Stock other than preferred stock






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






3. The standard IRS form for individual tax returns.






4. Total assets minus total liabilities






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






6. A specific plan for spending your income






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






8. The act of taking out money or other capital






9. 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.






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






11. Something that is made open or revealed






12. The recipient of funds or other benefits






13. The shares available to sell/buy






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






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






16. An obligation to pay money to another party






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






18. Anything that is used to produce goods or services






19. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






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






21. A loan where the payment is acheived through interest






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






23. Income on which tax must be paid; total income minus exemptions and deductions






24. 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.






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






26. The apparent worth as opposed to the real worth






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






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






29. Money paid to a worker






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






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






32. The extent to which something is covered






33. A loan where the payment is acheived through interest






34. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






36. The money paid for employee services






37. Financial reports that summarize the financial condition and operations of a business






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






39. The act of reducing the selling price of merchandise






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






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






42. 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






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






44. Electronic Funds Transfer






45. A delay in enforcing rights or claims or privileges






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






47. A delay in enforcing rights or claims or privileges






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






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






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