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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Bank Statement
Adjusted Gross Income
Consequence
2. Something that is made open or revealed
Coupon Rate
Float
Disclosure
SEC Filings
3. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Self-Interest
Transfer Payments
Exchange-Traded Funds
Executor
4. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Financial Institution
Wealth Management
On-Boarding
Living Trust
5. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Good Faith
Ownership Investments
Income
6. Preparing a plan for transferring property during one's lifetime and at one's death
Secured Loan
Foreclosure
Estate Planning
Return
7. The amount of tax owed
Ownership Investments
Tax Liability
EDGAR
On-Boarding
8. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Cannibalizing assets
Stock Symbol
Money Market Accounts
Property Rights
9. Institution that functions much like a business - but does not operate for the purpose of generating profits
Opportunity Cost
Cannibalizing assets
Taxable Income
Nonprofit Organization
10. The percentage of a sum of money charged for its use
Net Worth
Compound Interest
Interest Rate
Ownership Investments
11. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Phishing
Coupon Rate
APR
Savings Register
12. The shares available to sell/buy
Financial Needs
Shares Outstanding
Salary
Gross Income
13. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Ownership Investments
Preferred Stock
Par Value
Taxable Income
14. Financial organization that pools people's money and invests it
Phishing
Mutual Funds
Bond Rating
Par Value
15. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Stockholders' Equity
Distribution
Credit
16. 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.
Cannibalizing assets
Saving
Loan
Foreclosure
17. Someone who lends money at excessive rates of interest
SEC Filings
Inflation
Lending Investments
Loan Shark
18. 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.
Interest Rate
Gross Income
EDGAR
Exemptions
19. The time interval between the deposit of a check in a bank and its payment
Common Stock
Transaction
Float
Interest Rate
20. An exchange that occurs as a compromise
Trade-off
Deductions
Withdrawal
Balance
21. 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
Premium
Usury
Exemptions
Market Capitalization
22. Making money for owning something
Ownership Investments
Insolvent
I-9
Interest Rate
23. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Net Worth
Risk
Deductible
Ownership Investments
24. A fixed charge for borrowing money
Interest
Float
Estate Planning
Maturity Date
25. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Profit
Personal Allowances
Wealth Management
26. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Float
dividends
I-9
27. The period covered by a salary payment
Transaction Fee
Property Rights
Beneficiary
Pay Period
28. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Property Rights
Adjusted Gross Income
Stockholders' Equity
29. Concern for ones own well being and advantages
Wealth Management
Return
Income
Self-Interest
30. 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
EDGAR
Mutual Funds
Market Capitalization
Liability
31. A general and progressive increase in prices
Profit
Inflation
Float
Foreclosure
32. The economical needs of an individual
Self-Interest
APR
Financial Needs
Exemption
33. The date on which a financial obligation must be repaid
Asset Allocation
W-4
Loan
Maturity Date
34. Something of value; a resource; an advantage
Line of Credit
Taxable Income
Liability
Asset
35. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Stock Symbol
Wealth Management
Predatory Lending
On-Boarding
36. 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.
Interest Rate
Income
Balance
Liability
37. The money paid for employee services
Beneficiary
Salary
Wage
Personal Budget
38. The value of a security that is set by the company issuing it
Par Value
Predatory Lending
Inflation
Time value of money
39. A loan where the payment is acheived through interest
Property Rights
Overdraft protection
Interest-Only Loan
Face Value
40. The process of managing one's assets and wealth
Decison-making
Savings Register
Loan
Wealth Management
41. All costs or bills related to the business
Financial Statements
Savings Register
Forbearance
Expenses
42. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Consequence
W-4
Net Worth
Total Assets
43. Income on which tax must be paid; total income minus exemptions and deductions
Checkbook Register
Premium
Nonprofit Organization
Taxable Income
44. Things that incite or spur to action; rewards or reasons for performing a task.
Premium
Decison-making
Savings Account
Incentives
45. Having honest intentions
Premium
Consequence
Decison-making
Good Faith
46. A venture undertaken without regard to possible loss or injury
Maintain
Collectibles
Risk
Total Debt
47. A bond with zero discounts
Taxable Income
1040 tax form
Stock Symbol
Zero-Coupon Bond
48. A share set aside for a specific purpose
Allocation
Ownership Investments
Executor
Installment Loan
49. Financial organization that pools people's money and invests it
Credit
Mutual Funds
Installment Loan
Indirect Car Loan
50. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Late Fee
Collectibles
Billing Statement
Securities