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






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






3. The maximum credit that a customer is allowed






4. Someone who has insufficient assets to cover their debts






5. The amount of money you would need to deposit now in order to attain a desired amount in the future






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






7. Maintain by writing regular records






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






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






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






11. Someone who lends money at excessive rates of interest






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






13. A record of checks written and deposits made in a checking account - kept by the depositor






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






15. A share set aside for a specific purpose






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






17. Profits paid to investors






18. The date on which a financial obligation must be repaid






19. A periodic statement prepared by a bank for each client






20. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






21. Place to create a savings account.






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






23. 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.






24. Stock other than preferred stock






25. Shares of ownership in a company






26. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






27. A debt not backed by specific property to satisfy the indebtedness in case of default.






28. Compute credits and debits of an account






29. The shares available to sell/buy






30. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






31. Give back (tax return)






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






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






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






35. Production of a certain amount






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






37. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






38. Electronic Funds Transfer






39. Preparing a plan for transferring property during one's lifetime and at one's death






40. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






41. 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






42. An obligation to pay money to another party






43. An amount that credit card companies can charge for the use of a credit card.






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






45. The maximum credit that a customer is allowed






46. The act of reducing the selling price of merchandise






47. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






48. The process of making a decision - usually complex






49. A debt not backed by specific property to satisfy the indebtedness in case of default.






50. A general and progressive increase in prices






Can you answer 50 questions in 15 minutes?



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