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






2. Profits paid to investors






3. Electronic Funds Transfer






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






5. The amount of tax owed






6. Payment for insurance






7. Income on which tax must be paid; total income minus exemptions and deductions






8. The commercial activity of transporting and selling goods from a producer to a consumer






9. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






10. An act of economizing






11. A share set aside for a specific purpose






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






13. Making money for owning something






14. A payment given as a guarantee that an obligation will be met






15. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






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






17. An evaluation by a rating company of the probability that a particular bond issue will default






18. Someone who lends money at excessive rates of interest






19. Arrangement for deferred payment for goods and services






20. The process of managing one's assets and wealth






21. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






22. An automatic loan made to you if you write a check for more money than you have in your account






23. Diagnosis Codes (in CCB Popup if more then 5 codes)






24. Preparing a plan for transferring property during one's lifetime and at one's death






25. A penalty for making a payment after the due date






26. An extra charge for various credit activities such as using an ATM or receiving a cash advance






27. Compute credits and debits of an account






28. An evaluation by a rating company of the probability that a particular bond issue will default






29. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






30. Give back (tax return)






31. Something of value; a resource; an advantage






32. An extra charge for various credit activities such as using an ATM or receiving a cash advance






33. 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.






34. Loan deal in which the actual lender may not be known to the borrower.






35. A venture undertaken without regard to possible loss or injury






36. A general and progressive increase in prices






37. An amount that credit card companies can charge for the use of a credit card.






38. A record of checks written and deposits made in a checking account - kept by the depositor






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






40. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






41. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






42. Loan where the lender goes through the borrower






43. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






44. An automatic loan made to you if you write a check for more money than you have in your account






45. Stock other than preferred stock






46. Something that is made open or revealed






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






48. A loan where the payment is acheived through interest






49. Things that incite or spur to action; rewards or reasons for performing a task.






50. A business activity that changes assets - liabilities - or owner's equity