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






2. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






3. Loan with equal number of payments of the same amount over a fixed period of time.






4. 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.






5. Interest calculated on both the principal and the accrued interest






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






7. Items of personal interest to collectors that can increase in value in the future






8. 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






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






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






11. The shares available to sell/buy






12. A person appointed by a testator to carry out the terms of the will






13. Interest calculated on both the principal and the accrued interest






14. A bank account that accumulates interest






15. Anything that is used to produce goods or services






16. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






17. A fixed charge for borrowing money






18. An exchange that occurs as a compromise






19. The period covered by a salary payment






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






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






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






23. Protection against future loss






24. Anything that is used to produce goods or services






25. The apparent worth as opposed to the real worth






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






27. Production of a certain amount






28. A yearly statement of the financial condition - progress - and expectations of an organization






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






30. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






31. Compute credits and debits of an account






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






33. All costs or bills related to the business






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






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






36. The financial gain (earned or unearned) accruing over a given period of time






37. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






38. 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.






39. The percentage of a sum of money charged for its use






40. A yearly statement of the financial condition - progress - and expectations of an organization






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






42. The standard IRS form for individual tax returns.






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






44. Maintain by writing regular records






45. Financial reports that summarize the financial condition and operations of a business






46. The money paid for employee services






47. The process of making a decision - usually complex






48. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






49. Whatever must be given up to obtain some item






50. Someone who has insufficient assets to cover their debts