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Test your basic knowledge |
Wealth Management
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Subjects
:
personal-finance
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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
Exchange-Traded Funds
Bank Statement
Net Income
Executor
2. Receiving money for loaning money
Exemption
Adjusted Gross Income
Lending Investments
Personal Allowances
3. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Adjustable-Rate Loan
Insolvent
Income Statement
Billing Statement
4. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Good Faith
Liability
Probate
Salary
5. Financial reports that summarize the financial condition and operations of a business
Salary
Statement of Cash Flows
Financial Statements
Balance
6. Something of value; a resource; an advantage
Credit
Transaction
Asset
Disclosure
7. A long-term loan extended to someone who buys property
Predatory Lending
Liability
Mortage
Net Worth
8. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Executor
Phishing
Par Value
Net Income
9. An accounting entry acknowledging income or capital items
Credit
On-Boarding
Foreclosure
Annual Report
10. A legal document declaring a person's wishes regarding the disposal of their property when they die
Personal Allowances
Annual Fee
Will
Good Faith
11. Interest calculated on both the principal and the accrued interest
Asset
Compound Interest
Issuer
Total Assets
12. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Cannibalizing assets
Net Income
On-Boarding
13. 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.
Deduction
Income Statement
Interest Rate
Loan
14. 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
Exchange-Traded Funds
Exemptions
Late Fee
Common Stock
15. 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
Maturity Date
W-4
Wealth Management
16. A venture undertaken without regard to possible loss or injury
Deposit
Common Stock
Securities
Risk
17. Limited quantities of resources to meet unlimited wants
Liability
Scarcity
Distribution
Will
18. Concern for ones own well being and advantages
Self-Interest
Values
Bankruptcy
Late Fee
19. A financial statement that gives operating results for a specific period
Certificates of Deposit
Income Statement
Payday Loan
Money Market Accounts
20. The amount accruing to the corporations owners
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21. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Return
Distribution
Consequence
22. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
EFT
Withdrawal
Savings Account
23. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Mortage
Mutual Funds
1040 tax form
Foreclosure
24. Loan deal in which the actual lender may not be known to the borrower.
Financial Statements
Payday Loan
Retirement Planning
Indirect Car Loan
25. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Distribution
Liability
Debt Consolidation
Transfer Payments
26. A regular payment to a person that iis intended to allow them to subsist without working
Common Stock
Mutual Funds
Pension
Inflation
27. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Installment Loan
Savings Account
Property Rights
Shares Outstanding
28. Something of value; a resource; an advantage
Money Market Accounts
Certificates of Deposit
Asset
Unsecured Loan
29. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Wealth Management
Living Trust
Indirect Car Loan
Savings Account
30. Savings account that pays market rate or better interest and allows access to funds without penalty.
Income
Bank Statement
Stock Exchanges
Money Market Accounts
31. Items of personal interest to collectors that can increase in value in the future
Asset
Collectibles
Fixed-Rate Loan
Identity Theft
32. Diagnosis Codes (in CCB Popup if more then 5 codes)
Secured Debt
Pay Period
I-9
Adjustable-Rate Loan
33. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Allocation
Total Debt
Wealth Management
34. The interest rate that a bond issuer will pay to a bondholder
Withdrawal
Secured Loan
Coupon Rate
Credit
35. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Total Debt
W-4
Coupon Rate
36. Institution that functions much like a business - but does not operate for the purpose of generating profits
Coverage
Nonprofit Organization
Secured Loan
Income Statement
37. Loan where the lender goes through the borrower
Direct Car Loan
Gross Income
Allocation
Par Value
38. Receiving money for loaning money
Pension
Late Fee
Debit
Lending Investments
39. Financial organization that pools people's money and invests it
Mutual Funds
Estate Planning
Secured Loan
Stocks
40. A bond with zero discounts
Stockholders' Equity
Investing
Trade-off
Zero-Coupon Bond
41. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
On-Boarding
Wage
Property Rights
42. The amount of money you would need to deposit now in order to attain a desired amount in the future
Values
Present Value
SEC Filings
Annual Report
43. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Taxable Income
Profit
Payday Loan
Interest Rate
44. Preparing a plan for transferring property during one's lifetime and at one's death
Mutual Funds
Estate Planning
Deductible
Transfer Payments
45. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Stockholders' Equity
Financial Institution
Coupon Rate
Distribution
46. Total assets minus total liabilities
Net Worth
Expenses
Forbearance
Total Debt
47. Whatever must be given up to obtain some item
Par Value
Opportunity Cost
Salary
Time value of money
48. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Deduction
Resources
Probate
49. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Billing Statement
Phishing
Stocks
50. Electronic Funds Transfer
Fixed-Rate Loan
Mutual Funds
EFT
Lien
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