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. The period covered by a salary payment






2. The act of reducing the selling price of merchandise






3. Someone who has insufficient assets to cover their debts






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






5. Total assets minus total liabilities






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






7. A loan that is paid off in a fixed rate over a period of time






8. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






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






10. The act of lending money at an exorbitant rate of interest






11. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






12. A delay in enforcing rights or claims or privileges






13. Concern for ones own well being and advantages






14. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






15. The interest rate that a bond issuer will pay to a bondholder






16. 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






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






18. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






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






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






21. All costs or bills related to the business






22. The outcome of an event especially as relative to an individual






23. Receiving money for loaning money






24. Money paid to a worker






25. Electronic Funds Transfer






26. 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.






27. The period covered by a salary payment






28. A loan where the payment is acheived through interest






29. Grant use or occupation of under a term of contract






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






31. A share set aside for a specific purpose






32. The right to take another's property if an obligation is not discharged






33. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






35. Protection against future loss






36. The money(usually a set amount) given to an individual to spend






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






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






39. An automatic loan made to you if you write a check for more money than you have in your account






40. 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.






41. An act of economizing






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






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






44. 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.






45. 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.






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






47. The money(usually a set amount) given to an individual to spend






48. The time interval between the deposit of a check in a bank and its payment






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






50. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money