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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 yearly statement of the financial condition - progress - and expectations of an organization
Financial Statements
Securities
Expenses
Annual Report
2. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Ownership Investments
Cannibalizing assets
Property Rights
Maintain
3. A loan in which the rate can be altered to adjust to economical need
Return
Identity Theft
Adjustable-Rate Loan
Securities
4. Short-term and Long-term objectives that are driven by values.
Financial Goals
Self-Interest
Cash
Consequence
5. A delay in enforcing rights or claims or privileges
Forbearance
Insurance
Net Income
Mutual Funds
6. A specific plan for spending your income
Personal Budget
Self-Interest
Ownership Investments
Savings Account
7. Someone who has insufficient assets to cover their debts
Self-Interest
1040 tax form
Insolvent
EFT
8. A loan where the payment is acheived through interest
Retirement Planning
Property Rights
Interest-Only Loan
Stock Symbol
9. A bond with zero discounts
Deductible
Balance Sheet
Zero-Coupon Bond
Deduction
10. A penalty for making a payment after the due date
Taxable Income
Return
Late Fee
Gross Income
11. A debt not backed by specific property to satisfy the indebtedness in case of default.
Securities
Unsecured Debt
Direct Car Loan
Exchange-Traded Funds
12. Loan with equal number of payments of the same amount over a fixed period of time.
Annual Fee
Par Value
Installment Loan
Foreclosure
13. Something of value; a resource; an advantage
Wealth Management
Wage
1040 tax form
Asset
14. A fixed charge for borrowing money
Interest
Stock Table
Financial Statements
Overdraft protection
15. Loan with equal number of payments of the same amount over a fixed period of time.
Stocks
Installment Loan
Transfer Payments
Statement of Cash Flows
16. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Unsecured Loan
Return
Good Faith
17. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Allocation
Savings Account
Bankruptcy
Total Debt
18. The money(usually a set amount) given to an individual to spend
Profit
Face Value
Ownership Investments
Personal Allowances
19. All costs or bills related to the business
Expenses
Secured Debt
Loan
Debt Consolidation
20. 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
Index Fund
Transaction Fee
Exemptions
Bond Rating
21. An evaluation by a rating company of the probability that a particular bond issue will default
Stock Symbol
Bond Rating
Good Faith
Deposit
22. 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.
Interest-Only Loan
Transfer Payments
401 K
Savings Register
23. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Investing
Taxable Income
Mutual Funds
24. The process of making a decision - usually complex
Executor
Certificates of Deposit
Distribution
Decison-making
25. An automatic loan made to you if you write a check for more money than you have in your account
Personal Budget
Personal Allowances
Overdraft protection
Adjusted Gross Income
26. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Asset Allocation
Adjusted Gross Income
Decison-making
Preferred Stock
27. The amount of money you would need to deposit now in order to attain a desired amount in the future
Saving
Savings Register
Present Value
Estate Planning
28. Maintain by writing regular records
Resources
Wealth Management
Net Worth
Maintain
29. Loan deal in which the actual lender may not be known to the borrower.
Transaction Fee
Net Worth
Maintain
Indirect Car Loan
30. Income on which tax must be paid; total income minus exemptions and deductions
Taxable Income
SEC Filings
Foreclosure
Property Rights
31. Is your gross income after certain reductions have been made
Indirect Car Loan
Trade-off
Adjusted Gross Income
Loan Shark
32. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Good Faith
Taxable Income
Asset Allocation
33. Having honest intentions
Good Faith
Lien
Trade-off
EFT
34. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Scarcity
Stock Exchanges
APR
Deductions
35. The extent to which something is covered
Total Debt
EDGAR
Coverage
Common Stock
36. Limited quantities of resources to meet unlimited wants
Balance Sheet
Balance
Late Fee
Scarcity
37. Stock other than preferred stock
Phishing
Self-Interest
Common Stock
Interest Rate
38. Financial organization that pools people's money and invests it
Risk
Late Fee
Checkbook Register
Mutual Funds
39. Items of personal interest to collectors that can increase in value in the future
Secured Debt
Estate Planning
Collectibles
Adjustable-Rate Loan
40. The extent to which something is covered
Coverage
Lending Investments
Adjusted Gross Income
Adjustable-Rate Loan
41. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Loan
Adjustable-Rate Loan
Savings Account
42. The recipient of funds or other benefits
Credit
Profit
Beneficiary
Adjustable-Rate Loan
43. Whatever must be given up to obtain some item
Opportunity Cost
Transfer Payments
Par Value
Stock Symbol
44. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Wage
Property Rights
Interest-Only Loan
I-9
45. 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
Line of Credit
Overdraft protection
Maintain
Identity Theft
46. The percentage of a sum of money charged for its use
Interest Rate
Incentives
Opportunity Cost
Financial Goals
47. The right to take another's property if an obligation is not discharged
Lien
Insolvent
Scarcity
Annual Fee
48. An automatic loan made to you if you write a check for more money than you have in your account
Overdraft protection
Asset
Time value of money
Mutual Funds
49. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Interest Rate
On-Boarding
Interest Rate
Payday Loan
50. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
Ownership Investments
Stocks
Annual Fee