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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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 excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Income Statement
Return
Estate Planning
Net Income
2. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Checkbook Register
Living Trust
Statement of Cash Flows
Coverage
3. An accounting entry acknowledging sums that are owing
On-Boarding
EFT
Debit
Rent
4. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Checkbook Register
Stock Exchanges
Probate
Financial Goals
5. 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
Personal Allowances
Salary
Coupon Rate
EDGAR
6. Someone who has insufficient assets to cover their debts
Mutual Funds
Yield
Insolvent
Interest Rate
7. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Market Capitalization
Total Assets
Exemption
8. The maximum credit that a customer is allowed
Index Fund
Line of Credit
Wage
EDGAR
9. Items of personal interest to collectors that can increase in value in the future
Self-Interest
Collectibles
Bonds
Billing Statement
10. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deduction
FICA
Ownership Investments
Deductible
11. A loan backed by something valuable - such as property
Indirect Car Loan
Secured Loan
Insolvent
Line of Credit
12. Give back (tax return)
Zero-Coupon Bond
Liability
Self-Interest
Return
13. An institution that issues something (securities or publications or currency etc.)
Mutual Funds
Issuer
Reconcile
Usury
14. Loan deal in which the actual lender may not be known to the borrower.
Secured Loan
Bond Rating
Direct Car Loan
Indirect Car Loan
15. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Stock Symbol
Annual Fee
Living Trust
Loan Shark
16. Stock other than preferred stock
Common Stock
Overdraft protection
Stock Exchanges
Financial Statements
17. The money(usually a set amount) given to an individual to spend
Consequence
Exemption
Common Stock
Personal Allowances
18. Things that incite or spur to action; rewards or reasons for performing a task.
Financial Institution
Incentives
Market Capitalization
Issuer
19. 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.
Net Worth
Trade-off
Predatory Lending
Net Worth
20. The time interval between the deposit of a check in a bank and its payment
Securities
Loan Shark
Deposit
Float
21. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Stock Table
Personal Allowances
Payday Loan
Financial Statements
22. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Index Fund
Scarcity
Usury
Market Capitalization
23. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Identity Theft
Asset Allocation
Resources
Certificates of Deposit
24. Payment for insurance
Ownership Investments
Bonds
Premium
Liability
25. A venture undertaken without regard to possible loss or injury
Gross Income
EDGAR
Usury
Risk
26. The financial gain (earned or unearned) accruing over a given period of time
Income
Stockholders' Equity
Face Value
Deposit
27. A loan where the payment is acheived through interest
Interest-Only Loan
Loan Shark
Direct Car Loan
1040 EZ tax form
28. A payment given as a guarantee that an obligation will be met
Mutual Funds
Lending Investments
Deposit
Compound Interest
29. Total assets minus total liabilities
Net Worth
Reconcile
Interest Rate
1040 tax form
30. Simplified IRS tax form which some individuals can file instead of the 1040 form.
EDGAR
Interest
1040 EZ tax form
Wage
31. 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.
Coverage
Retirement Planning
W-4
Withdrawal
32. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Time value of money
Interest Rate
Yield
33. The process of managing one's assets and wealth
Market Capitalization
Vesting
Usury
Wealth Management
34. Making money for owning something
Ownership Investments
Financial Statements
Mutual Funds
I-9
35. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Return
Tax Liability
W-4
36. Protection against future loss
Opportunity Cost
Distribution
Credit
Insurance
37. Profits paid to investors
Financial Institution
dividends
Mortage
Reconcile
38. Maintain by writing regular records
I-9
1040 tax form
Yield
Maintain
39. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
SEC Filings
Expenses
Interest Rate
Bonds
40. A business activity that changes assets - liabilities - or owner's equity
Transaction
Values
Unsecured Debt
Payday Loan
41. The process of making a decision - usually complex
Par Value
Face Value
Decison-making
Maturity Date
42. The interest rate that a bond issuer will pay to a bondholder
Adjusted Gross Income
Decison-making
Coupon Rate
Compound Interest
43. An obligation to pay money to another party
Liability
Adjusted Gross Income
Personal Allowances
Values
44. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Index Fund
Interest Rate
Premium
Exemptions
45. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Saving
FICA
Stocks
46. The maximum credit that a customer is allowed
Pension
Mutual Funds
Collectibles
Line of Credit
47. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Vesting
Lien
Time value of money
Withdrawal
48. The amount of money you would need to deposit now in order to attain a desired amount in the future
Direct Car Loan
Scarcity
Present Value
Debt Consolidation
49. A periodic statement prepared by a bank for each client
Rent
Property Rights
Values
Bank Statement
50. The value of a security that is set by the company issuing it
Par Value
Deductions
Property Rights
Deductible