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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. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
Deductible
Total Debt
Deduction
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
Index Fund
Bond Rating
Cannibalizing assets
Coupon Rate
3. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Shares Outstanding
APR
Mutual Funds
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.
Scarcity
Fixed-Rate Loan
Interest Rate
Loan Shark
5. Interest calculated on both the principal and the accrued interest
Compound Interest
Pension
Estate Planning
Interest Rate
6. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Tax Liability
Cannibalizing assets
Line of Credit
Total Assets
7. Items of personal interest to collectors that can increase in value in the future
Collectibles
Bank Statement
Tax Liability
Salary
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
Certificates of Deposit
Withdrawal
Exemptions
Values
9. An evaluation by a rating company of the probability that a particular bond issue will default
Bonds
Transaction Fee
Coverage
Bond Rating
10. A loan backed by something valuable - such as property
Asset
Secured Loan
Self-Interest
Mutual Funds
11. The shares available to sell/buy
Personal Budget
Balance Sheet
Personal Allowances
Shares Outstanding
12. A person appointed by a testator to carry out the terms of the will
Saving
Direct Car Loan
Executor
Present Value
13. Interest calculated on both the principal and the accrued interest
Market Capitalization
Debit
Deposit
Compound Interest
14. A bank account that accumulates interest
Beneficiary
Savings Account
Total Debt
Certificates of Deposit
15. Anything that is used to produce goods or services
Resources
Wage
Transfer Payments
Payday Loan
16. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Transaction
Total Assets
Mutual Funds
Probate
17. A fixed charge for borrowing money
Late Fee
Adjustable-Rate Loan
Forbearance
Interest
18. An exchange that occurs as a compromise
Loan
Risk
Trade-off
Financial Institution
19. The period covered by a salary payment
Overdraft protection
Installment Loan
Balance Sheet
Pay Period
20. The interest rate that a bond issuer will pay to a bondholder
Return
Gross Income
Coupon Rate
Forbearance
21. The money(usually a set amount) given to an individual to spend
Personal Allowances
Stock Symbol
Adjustable-Rate Loan
Statement of Cash Flows
22. Financial organization that pools people's money and invests it
Maintain
Liability
Issuer
Mutual Funds
23. Protection against future loss
Salary
Liability
Installment Loan
Insurance
24. Anything that is used to produce goods or services
Exchange-Traded Funds
Resources
Overdraft protection
Unsecured Debt
25. The apparent worth as opposed to the real worth
Face Value
Overdraft protection
Consequence
Insolvent
26. Certificates that represent money the government has borrowed from private citizens
Installment Loan
Bonds
Bankruptcy
Reconcile
27. Production of a certain amount
Insolvent
Saving
Yield
Maturity Date
28. A yearly statement of the financial condition - progress - and expectations of an organization
Secured Debt
Collectibles
Annual Report
Lien
29. A payment given as a guarantee that an obligation will be met
Incentives
Deposit
Mutual Funds
Checkbook Register
30. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Par Value
I-9
Wealth Management
31. Compute credits and debits of an account
Balance Sheet
Balance
Profit
Stock Symbol
32. Loan deal in which the actual lender may not be known to the borrower.
401 K
Indirect Car Loan
Yield
Interest-Only Loan
33. All costs or bills related to the business
Personal Budget
FICA
Money Market Accounts
Expenses
34. Financial organization that pools people's money and invests it
Exchange-Traded Funds
Phishing
Mutual Funds
Bonds
35. A financial statement that gives operating results for a specific period
Face Value
Present Value
Income Statement
Lending Investments
36. The financial gain (earned or unearned) accruing over a given period of time
Net Income
Salary
Income
Consequence
37. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Issuer
Distribution
Profit
Exemption
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.
Transfer Payments
Financial Institution
Premium
Coupon Rate
39. The percentage of a sum of money charged for its use
I-9
Income Statement
Interest Rate
Predatory Lending
40. A yearly statement of the financial condition - progress - and expectations of an organization
Lien
Annual Report
Self-Interest
Inflation
41. Diagnosis Codes (in CCB Popup if more then 5 codes)
Will
I-9
Stocks
Insurance
42. The standard IRS form for individual tax returns.
1040 tax form
Predatory Lending
Beneficiary
Float
43. A venture undertaken without regard to possible loss or injury
FICA
Values
Profit
Risk
44. Maintain by writing regular records
Issuer
FICA
Expenses
Maintain
45. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Ownership Investments
Incentives
Self-Interest
46. The money paid for employee services
Securities
Salary
401 K
Index Fund
47. The process of making a decision - usually complex
Bond Rating
Fixed-Rate Loan
Decison-making
Incentives
48. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Withdrawal
Salary
Reconcile
Stock Symbol
49. Whatever must be given up to obtain some item
Liability
Opportunity Cost
Financial Institution
Payday Loan
50. Someone who has insufficient assets to cover their debts
EFT
Time value of money
Insolvent
Property Rights