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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. Electronic Funds Transfer
Personal Budget
EFT
Income Statement
Liability
2. Money paid to a worker
Wage
Ownership Investments
Common Stock
Tax Liability
3. The economical needs of an individual
Financial Needs
Unsecured Loan
EDGAR
Property Rights
4. 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.
Annual Fee
Face Value
Common Stock
Transfer Payments
5. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Taxable Income
Personal Budget
Allocation
6. Someone who lends money at excessive rates of interest
Loan Shark
Financial Goals
Shares Outstanding
Exemptions
7. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Direct Car Loan
Liability
Yield
8. 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
Fixed-Rate Loan
Market Capitalization
Float
dividends
9. Maintain by writing regular records
Indirect Car Loan
Compound Interest
Liability
Maintain
10. A loan backed by something valuable - such as property
Direct Car Loan
Property Rights
Wealth Management
Secured Loan
11. A general and progressive increase in prices
Index Fund
Wealth Management
Indirect Car Loan
Inflation
12. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Scarcity
Profit
Stock Symbol
Preferred Stock
13. Maintain by writing regular records
Phishing
Income
Trade-off
Maintain
14. The act of taking out money or other capital
Deduction
Exemptions
Liability
Withdrawal
15. A share set aside for a specific purpose
Interest Rate
Opportunity Cost
Financial Statements
Allocation
16. An act of economizing
Property Rights
Return
Annual Report
Saving
17. An automatic loan made to you if you write a check for more money than you have in your account
Overdraft protection
Expenses
Unsecured Loan
Taxable Income
18. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Vesting
Line of Credit
Present Value
Bankruptcy
19. An accounting entry acknowledging income or capital items
Annual Fee
Pay Period
Credit
Overdraft protection
20. Total assets minus total liabilities
Stock Table
Stock Table
Net Worth
Deduction
21. Profits paid to investors
dividends
Transaction Fee
Expenses
Nonprofit Organization
22. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be
SEC Filings
Debit
FICA
Self-Interest
23. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Unsecured Debt
dividends
Foreclosure
24. The value of a security that is set by the company issuing it
401 K
Par Value
Present Value
Collectibles
25. Bring into consonance or accord - to agree on terms
Zero-Coupon Bond
Reconcile
Investing
Income
26. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
EDGAR
Total Assets
Bank Statement
Asset
27. 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.
Total Debt
Bankruptcy
Interest Rate
Good Faith
28. Income before taxes
Gross Income
Lien
On-Boarding
Consequence
29. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Usury
Maturity Date
Lien
30. A person appointed by a testator to carry out the terms of the will
Executor
Profit
Stock Table
Stock Table
31. Protection against future loss
Insolvent
Insurance
Living Trust
Income Statement
32. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Deductions
EDGAR
Money Market Accounts
Financial Institution
33. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Stock Exchanges
Balance Sheet
Interest-Only Loan
34. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Will
Foreclosure
Checkbook Register
Rent
35. Institution that functions much like a business - but does not operate for the purpose of generating profits
Inflation
Cannibalizing assets
Nonprofit Organization
APR
36. Give back (tax return)
Distribution
Ownership Investments
Return
Liability
37. The period covered by a salary payment
Living Trust
Pay Period
Forbearance
Bankruptcy
38. Anything that is used to produce goods or services
Tax Liability
Adjusted Gross Income
Asset
Resources
39. The maximum credit that a customer is allowed
Mortage
APR
Par Value
Line of Credit
40. 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
Consequence
Investing
Exemptions
Reconcile
41. Short-term and Long-term objectives that are driven by values.
Financial Goals
SEC Filings
Compound Interest
Face Value
42. Loan where the lender goes through the borrower
Values
Statement of Cash Flows
Savings Account
Direct Car Loan
43. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Return
Secured Debt
Balance
Profit
44. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Net Worth
Insolvent
Identity Theft
Certificates of Deposit
45. A delay in enforcing rights or claims or privileges
Forbearance
1040 tax form
Market Capitalization
Deduction
46. All costs or bills related to the business
Cash
Indirect Car Loan
Expenses
Usury
47. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Transaction
Bonds
APR
Stock Exchanges
48. Funds that are often times traded through a stock exchange (NYSE)
Line of Credit
On-Boarding
Face Value
Exchange-Traded Funds
49. Bring into consonance or accord - to agree on terms
Reconcile
Collectibles
Insolvent
Line of Credit
50. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be
Forbearance
FICA
Shares Outstanding
Phishing