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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. The money paid for employee services






3. Someone who has insufficient assets to cover their debts






4. Compute credits and debits of an account






5. Making money for owning something






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






7. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






8. Can be found in a newspaper and shows information about popular stocks.






9. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






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






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






12. 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.






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.






14. Something of value; a resource; an advantage






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






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






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






18. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






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






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






22. Bring into consonance or accord - to agree on terms






23. An institution that issues something (securities or publications or currency etc.)






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






25. The amount accruing to the corporations owners

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






27. Concern for ones own well being and advantages






28. Income before taxes






29. A specific plan for spending your income






30. The economical needs of an individual






31. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






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






33. A debt; something disadvantageous






34. Someone who has insufficient assets to cover their debts






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






36. The process of making a decision - usually complex






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






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






39. A bank account that accumulates interest






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






41. Savings account that pays market rate or better interest and allows access to funds without penalty.






42. 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






43. 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.






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






45. Can be found in a newspaper and shows information about popular stocks.






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






47. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






48. The distribution of investment funds among broad classes of assets.






49. Give back (tax return)






50. Total assets minus total liabilities






Can you answer 50 questions in 15 minutes?



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