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






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






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






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






5. A loan where the payment is acheived through interest






6. Give back (tax return)






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






8. Receiving money for loaning money






9. The amount accruing to the corporations owners

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10. Protection against future loss






11. 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.






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






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






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






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






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






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






18. Something of value; a resource; an advantage






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






20. A penalty for making a payment after the due date






21. Someone who has insufficient assets to cover their debts






22. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






23. The amount of tax owed






24. Limited quantities of resources to meet unlimited wants






25. Whatever must be given up to obtain some item






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






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






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






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






30. A penalty for making a payment after the due date






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






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






33. Place to create a savings account.






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






35. An exchange that occurs as a compromise






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






37. Place to create a savings account.






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






39. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






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






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






42. 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.






43. The process of making a decision - usually complex






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






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






46. Things that incite or spur to action; rewards or reasons for performing a task.






47. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






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






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