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






2. A delay in enforcing rights or claims or privileges






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






4. An act of economizing






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






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






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






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






9. A record of checks written and deposits made in a checking account - kept by the depositor






10. The apparent worth as opposed to the real worth






11. Electronic Funds Transfer






12. A person appointed by a testator to carry out the terms of the will






13. The act of reducing the selling price of merchandise






14. A bond with zero discounts






15. Total assets minus total liabilities






16. A fixed charge for borrowing money






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






18. The process of making a decision - usually complex






19. Give back (tax return)






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






21. The act of taking out money or other capital






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






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






24. Stock other than preferred stock






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






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






27. 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






28. Production of a certain amount






29. Maintain by writing regular records






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






31. Savings account that pays market rate or better interest and allows access to funds without penalty.






32. The money paid for employee services






33. Place to create a savings account.






34. Electronic Funds Transfer






35. 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.






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






37. The act of taking out money or other capital






38. Anything that is used to produce goods or services






39. Prompt payment for goods or services in currency or by check






40. Can be found in a newspaper and shows information about popular stocks.






41. A debt; something disadvantageous






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






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






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






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






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






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






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






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






50. Stock other than preferred stock