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






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






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






4. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






5. The apparent worth as opposed to the real worth






6. The process of making a decision - usually complex






7. An accounting entry acknowledging sums that are owing






8. 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.






9. Give back (tax return)






10. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






11. Protection against future loss






12. Having honest intentions






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






14. Money paid to a worker






15. Income before taxes






16. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






17. 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






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






19. A delay in enforcing rights or claims or privileges






20. A long-term loan extended to someone who buys property






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






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






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






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






25. The act of lending money at an exorbitant rate of interest






26. 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






27. All costs or bills related to the business






28. Grant use or occupation of under a term of contract






29. A debt; something disadvantageous






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






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






33. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






34. Place to create a savings account.






35. Profits paid to investors






36. The period covered by a salary payment






37. Grant use or occupation of under a term of contract






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






39. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






40. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






42. Receiving money for loaning money






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






44. Simplified IRS tax form which some individuals can file instead of the 1040 form.






45. Electronic Funds Transfer






46. The outcome of an event especially as relative to an individual






47. The amount accruing to the corporations owners

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48. 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






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






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