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






2. The financial gain (earned or unearned) accruing over a given period of time






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






4. A bond with zero discounts






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






6. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






7. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






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






9. Income before taxes






10. The economical needs of an individual






11. Maintain by writing regular records






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






13. Maintain by writing regular records






14. An accounting entry acknowledging sums that are owing






15. By planning ahead you can ensure financial stability during your retirement.






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






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






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






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






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






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






22. A specific plan for spending your income






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






24. The apparent worth as opposed to the real worth






25. The shares available to sell/buy






26. Is your gross income after certain reductions have been made






27. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






28. 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






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






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






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






32. The act of taking out money or other capital






33. A loan in which the rate can be altered to adjust to economical need






34. 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.






35. Loan where the lender goes through the borrower






36. The act of taking out money or other capital






37. 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






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






39. The shares available to sell/buy






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






41. A financial statement that gives operating results for a specific period






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






43. Give back (tax return)






44. 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






45. A loan backed by something valuable - such as property






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






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






48. Short-term and Long-term objectives that are driven by values.






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






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