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. The maximum credit that a customer is allowed






2. The apparent worth as opposed to the real worth






3. 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.






4. Give back (tax return)






5. An obligation to pay money to another party






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






7. The recipient of funds or other benefits






8. Making money for owning something






9. The money paid for employee services






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






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






12. Stock other than preferred stock






13. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






14. Arrangement for deferred payment for goods and services






15. The interest rate that a bond issuer will pay to a bondholder






16. Production of a certain amount






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






18. Financial organization that pools people's money and invests it






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






20. The period covered by a salary payment






21. 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.






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






23. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






24. Certificates that represent money the government has borrowed from private citizens






25. 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.






26. Compute credits and debits of an account






27. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






28. A loan where the payment is acheived through interest






29. 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.






30. 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






31. A loan in which the rate can be altered to adjust to economical need






32. Place to create a savings account.






33. The time interval between the deposit of a check in a bank and its payment






34. An accounting entry acknowledging income or capital items






35. The amount of tax owed






36. A fixed charge for borrowing money






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






38. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






39. Concern for ones own well being and advantages






40. 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.






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






42. Someone who lends money at excessive rates of interest






43. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






44. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






45. An accounting entry acknowledging sums that are owing






46. The date on which a financial obligation must be repaid






47. A debt; something disadvantageous






48. A financial statement that gives operating results for a specific period






49. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






50. Something of value; a resource; an advantage