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






2. Place to create a savings account.






3. Limited quantities of resources to meet unlimited wants






4. Something that is made open or revealed






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






6. A loan where the payment is acheived through interest






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






8. Stock other than preferred stock






9. The process of managing one's assets and wealth






10. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






11. 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.






12. The recipient of funds or other benefits






13. An extra charge for various credit activities such as using an ATM or receiving a cash advance






14. Anything that is used to produce goods or services






15. Compute credits and debits of an account






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






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






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






19. A delay in enforcing rights or claims or privileges






20. The rights of an individual to own - use - rent - invest in - buy - and sell property.






21. Someone who lends money at excessive rates of interest






22. Prompt payment for goods or services in currency or by check






23. Having honest intentions






24. An accounting entry acknowledging sums that are owing






25. The recipient of funds or other benefits






26. Give back (tax return)






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






28. Loan where the lender goes through the borrower






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






30. Maintain by writing regular records






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






32. Loan deal in which the actual lender may not be known to the borrower.






33. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






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






36. Making money for owning something






37. An automatic loan made to you if you write a check for more money than you have in your account






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






39. A legal document declaring a person's wishes regarding the disposal of their property when they die






40. Certificates that represent money the government has borrowed from private citizens






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






42. A legal document declaring a person's wishes regarding the disposal of their property when they die






43. Shares of ownership in a company






44. 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






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






46. The money paid for employee services






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






48. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






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