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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. A debt; something disadvantageous
Will
Cash
Liability
Loan Shark
2. The process of making a decision - usually complex
Financial Institution
Liability
Decison-making
Pension
3. A loan where the payment is acheived through interest
Interest-Only Loan
Bonds
Good Faith
Secured Debt
4. A general and progressive increase in prices
Resources
Pension
Interest-Only Loan
Inflation
5. Preparing a plan for transferring property during one's lifetime and at one's death
Property Rights
Estate Planning
Transaction
Net Worth
6. A regular payment to a person that iis intended to allow them to subsist without working
Annual Report
Bank Statement
Transfer Payments
Pension
7. A payment given as a guarantee that an obligation will be met
Personal Allowances
Present Value
Deposit
Balance Sheet
8. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Lien
Total Assets
401 K
Bonds
9. By planning ahead you can ensure financial stability during your retirement.
Foreclosure
Retirement Planning
Compound Interest
Savings Register
10. The outcome of an event especially as relative to an individual
Issuer
Interest Rate
Debt Consolidation
Consequence
11. Making money for owning something
Collectibles
Probate
Profit
Ownership Investments
12. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Bank Statement
Direct Car Loan
Foreclosure
13. A delay in enforcing rights or claims or privileges
Personal Budget
Stock Exchanges
Probate
Forbearance
14. Concern for ones own well being and advantages
Self-Interest
Lien
Adjustable-Rate Loan
Phishing
15. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Debt Consolidation
Lending Investments
Financial Needs
16. A periodic statement prepared by a bank for each client
Credit
Secured Debt
Bank Statement
Return
17. Financial organization that pools people's money and invests it
Retirement Planning
Distribution
Mutual Funds
Decison-making
18. A penalty for making a payment after the due date
Balance Sheet
Late Fee
Liability
Credit
19. Concern for ones own well being and advantages
Adjusted Gross Income
Expenses
Self-Interest
Deposit
20. Payment for insurance
Unsecured Debt
Personal Allowances
Salary
Premium
21. 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
Annual Report
Float
Secured Loan
FICA
22. The act of taking out money or other capital
Total Assets
Withdrawal
Personal Allowances
Securities
23. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Stock Exchanges
401 K
Interest Rate
24. Someone who has insufficient assets to cover their debts
Statement of Cash Flows
Estate Planning
Insolvent
Interest-Only Loan
25. An exchange that occurs as a compromise
Adjusted Gross Income
Self-Interest
Trade-off
Transaction Fee
26. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Total Debt
Probate
Wage
Collectibles
27. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Return
Good Faith
Bonds
28. Grant use or occupation of under a term of contract
Rent
Ownership Investments
Certificates of Deposit
Securities
29. 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.
Transfer Payments
Decison-making
Profit
Pension
30. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Deposit
Profit
Exemption
Estate Planning
31. The amount accruing to the corporations owners
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32. The interest rate that a bond issuer will pay to a bondholder
Coverage
Exchange-Traded Funds
Bankruptcy
Coupon Rate
33. Institution that functions much like a business - but does not operate for the purpose of generating profits
Shares Outstanding
Forbearance
Income Statement
Nonprofit Organization
34. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Debit
Asset Allocation
Billing Statement
W-4
35. The shares available to sell/buy
Disclosure
Maintain
Shares Outstanding
401 K
36. Electronic Funds Transfer
Money Market Accounts
Lending Investments
Scarcity
EFT
37. Anything that is used to produce goods or services
I-9
Disclosure
Resources
Debt Consolidation
38. Loan where the lender goes through the borrower
1040 tax form
On-Boarding
Direct Car Loan
Expenses
39. Anything that is used to produce goods or services
Fixed-Rate Loan
Resources
Premium
Exemptions
40. The time interval between the deposit of a check in a bank and its payment
Float
Mutual Funds
Market Capitalization
Present Value
41. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Investing
Debt Consolidation
Phishing
Statement of Cash Flows
42. Income on which tax must be paid; total income minus exemptions and deductions
Return
Risk
Insolvent
Taxable Income
43. The process of managing one's assets and wealth
I-9
Coupon Rate
Wealth Management
I-9
44. 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.
Profit
Forbearance
Secured Debt
Certificates of Deposit
45. An obligation to pay money to another party
Incentives
Balance Sheet
Financial Goals
Liability
46. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Debt Consolidation
Withdrawal
Salary
SEC Filings
47. A financial statement that gives operating results for a specific period
Wage
Premium
Income Statement
Time value of money
48. The interest rate that a bond issuer will pay to a bondholder
Financial Needs
Coupon Rate
Deductible
Financial Statements
49. Items of personal interest to collectors that can increase in value in the future
Ownership Investments
Overdraft protection
Stock Symbol
Collectibles
50. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Cash
Credit
Float