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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. Receiving money for loaning money






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






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






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






6. Something of value; a resource; an advantage






7. A long-term loan extended to someone who buys property






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






9. An accounting entry acknowledging income or capital items






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






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






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






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. 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






15. 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.






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






17. Limited quantities of resources to meet unlimited wants






18. Concern for ones own well being and advantages






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






20. The amount accruing to the corporations owners

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






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






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






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






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






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






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






28. Something of value; a resource; an advantage






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






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






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






32. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






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






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






36. Institution that functions much like a business - but does not operate for the purpose of generating profits






37. Loan where the lender goes through the borrower






38. Receiving money for loaning money






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






40. A bond with zero discounts






41. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






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






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






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






46. Total assets minus total liabilities






47. Whatever must be given up to obtain some item






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






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






50. Electronic Funds Transfer







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