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 standard IRS form for individual tax returns.






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






3. Maintain by writing regular records






4. Electronic Funds Transfer






5. Loan where the lender goes through the borrower






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






7. Arrangement for deferred payment for goods and services






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






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






10. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






11. The value of a security that is set by the company issuing it






12. 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.






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






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






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






16. Someone who has insufficient assets to cover their debts






17. Receiving money for loaning money






18. Compute credits and debits of an account






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






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






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






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






23. An evaluation by a rating company of the probability that a particular bond issue will default






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






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






26. The amount accruing to the corporations owners

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






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






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






30. A fixed charge for borrowing money






31. Simplified IRS tax form which some individuals can file instead of the 1040 form.






32. A long-term loan extended to someone who buys property






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






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






35. All costs or bills related to the business






36. Limited quantities of resources to meet unlimited wants






37. A share set aside for a specific purpose






38. The apparent worth as opposed to the real worth






39. Loan where the lender goes through the borrower






40. A long-term loan extended to someone who buys property






41. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






42. An accounting entry acknowledging sums that are owing






43. 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.






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






45. Institution that functions much like a business - but does not operate for the purpose of generating profits






46. An evaluation by a rating company of the probability that a particular bond issue will default






47. The amount of tax owed






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






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






50. A bank account that accumulates interest