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. A bond with zero discounts






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






3. 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.






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






5. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






6. Something of value; a resource; an advantage






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






8. Place to create a savings account.






9. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






10. Loan with equal number of payments of the same amount over a fixed period of time.






11. An exchange that occurs as a compromise






12. Money paid to a worker






13. Someone who lends money at excessive rates of interest






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






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






16. 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.






17. Stock other than preferred stock






18. An accounting entry acknowledging sums that are owing






19. Something of value; a resource; an advantage






20. The period covered by a salary payment






21. Receiving money for loaning money






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






23. A delay in enforcing rights or claims or privileges






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






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






26. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






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






28. Total assets minus total liabilities






29. 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.






30. The process of making a decision - usually complex






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






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






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






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






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






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






37. 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.






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






39. An obligation to pay money to another party






40. All costs or bills related to the business






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






42. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






43. Compute credits and debits of an account






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






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






46. 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.






47. Funds that are often times traded through a stock exchange (NYSE)






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






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






50. Concern for ones own well being and advantages