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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. Making money for owning something
Saving
Unsecured Loan
Ownership Investments
Saving
2. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Checkbook Register
Predatory Lending
Liability
3. The amount of tax owed
Trade-off
Tax Liability
Compound Interest
Stockholders' Equity
4. An accounting entry acknowledging sums that are owing
Executor
Net Worth
Predatory Lending
Debit
5. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Incentives
I-9
Present Value
6. A general and progressive increase in prices
Inflation
Allocation
Forbearance
Compound Interest
7. Electronic Funds Transfer
Yield
On-Boarding
EFT
Annual Report
8. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
I-9
Income
Profit
Interest-Only Loan
9. Loan where the lender goes through the borrower
Direct Car Loan
Total Assets
Total Debt
Unsecured Debt
10. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Insurance
Annual Report
Liability
11. Certificates that represent money the government has borrowed from private citizens
Interest Rate
Savings Account
Bonds
Distribution
12. Can be found in a newspaper and shows information about popular stocks.
Stock Table
Foreclosure
Bankruptcy
Fixed-Rate Loan
13. Payment for insurance
Premium
Adjustable-Rate Loan
401 K
Stocks
14. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Will
Tax Liability
Exemptions
15. The amount of tax owed
APR
Usury
Debit
Tax Liability
16. A periodic statement prepared by a bank for each client
Decison-making
Executor
Bank Statement
Total Assets
17. The right to take another's property if an obligation is not discharged
Transaction Fee
Lien
Estate Planning
Predatory Lending
18. The act of taking out money or other capital
Market Capitalization
Checkbook Register
Withdrawal
Transfer Payments
19. Profits paid to investors
Unsecured Debt
Stock Symbol
dividends
Savings Account
20. A debt not backed by specific property to satisfy the indebtedness in case of default.
Wealth Management
Annual Report
Par Value
Unsecured Debt
21. 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.
Billing Statement
Liability
Predatory Lending
Installment Loan
22. Things that incite or spur to action; rewards or reasons for performing a task.
Cash
Incentives
Checkbook Register
Direct Car Loan
23. A business activity that changes assets - liabilities - or owner's equity
Checkbook Register
Line of Credit
Transaction
Taxable Income
24. An obligation to pay money to another party
Liability
Insurance
Stocks
Ownership Investments
25. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Gross Income
Net Income
Scarcity
Overdraft protection
26. Prompt payment for goods or services in currency or by check
Credit
Cash
Deduction
Loan
27. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Deduction
Maintain
Secured Loan
Certificates of Deposit
28. Compute credits and debits of an account
Stocks
I-9
Balance
Time value of money
29. Income before taxes
Line of Credit
Lien
Gross Income
Line of Credit
30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Face Value
Deductions
Net Worth
Stock Table
31. The act of taking out money or other capital
Withdrawal
Line of Credit
Payday Loan
Loan Shark
32. A record of checks written and deposits made in a checking account - kept by the depositor
FICA
Deposit
Checkbook Register
Usury
33. Business organizations that accommodate the buying and selling of securities.
On-Boarding
Premium
Deductible
Stock Exchanges
34. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Resources
Deposit
On-Boarding
35. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Resources
Will
Lending Investments
SEC Filings
36. 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.
Property Rights
Secured Debt
Transaction Fee
Decison-making
37. The act of reducing the selling price of merchandise
Foreclosure
On-Boarding
Bond Rating
Deduction
38. Loan with equal number of payments of the same amount over a fixed period of time.
Investing
Executor
Installment Loan
On-Boarding
39. All costs or bills related to the business
Expenses
Savings Account
Decison-making
Statement of Cash Flows
40. 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
Maturity Date
Executor
Market Capitalization
Asset
41. A debt; something disadvantageous
Transfer Payments
Liability
Par Value
Personal Allowances
42. The period covered by a salary payment
Pay Period
Mutual Funds
Ownership Investments
Predatory Lending
43. The percentage of a sum of money charged for its use
Interest Rate
Resources
Gross Income
Mutual Funds
44. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Issuer
Property Rights
Inflation
45. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Phishing
Opportunity Cost
Interest Rate
Credit
46. 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.
Will
Maturity Date
W-4
Common Stock
47. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Yield
Phishing
Saving
48. A specific plan for spending your income
Interest-Only Loan
Predatory Lending
Float
Personal Budget
49. Arrangement for deferred payment for goods and services
Asset
Credit
Financial Statements
Ownership Investments
50. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Wage
Mutual Funds
Payday Loan
401 K
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