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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. Certificates that represent money the government has borrowed from private citizens






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






3. An act of economizing






4. Whatever must be given up to obtain some item






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






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






7. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






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






10. Something of value; a resource; an advantage






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






12. The percentage of a sum of money charged for its use






13. Having honest intentions






14. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






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






16. The amount accruing to the corporations owners

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17. Protection against future loss






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






19. Receiving money for loaning money






20. Someone who has insufficient assets to cover their debts






21. Give back (tax return)






22. The act of taking out money or other capital






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






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






25. The act of reducing the selling price of merchandise






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






27. An act of economizing






28. The money paid for employee services






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






30. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






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






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






34. The amount of tax owed






35. Business organizations that accommodate the buying and selling of securities.






36. Stock other than preferred stock






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






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






39. 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.






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






41. 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.






42. Loan with equal number of payments of the same amount over a fixed period of time.






43. 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.






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






45. Limited quantities of resources to meet unlimited wants






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






47. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






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






49. An amount that credit card companies can charge for the use of a credit card.






50. A bond with zero discounts







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