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. Production of a certain amount






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






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






4. Money paid to a worker






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






6. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






8. 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.






9. The process of making a decision - usually complex






10. 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






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






12. 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






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






14. Payment for insurance






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






16. Concern for ones own well being and advantages






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






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






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






20. A fixed charge for borrowing money






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






22. A payment given as a guarantee that an obligation will be met






23. Someone who lends money at excessive rates of interest






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






25. 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.






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






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






28. A person appointed by a testator to carry out the terms of the will






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






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






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






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






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






34. Loan where the lender goes through the borrower






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






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






37. A bank account that accumulates interest






38. Electronic Funds Transfer






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






40. Limited quantities of resources to meet unlimited wants






41. 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.






42. Making money for owning something






43. Electronic Funds Transfer






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






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






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






47. Profits paid to investors






48. 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.






49. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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