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






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






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






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






5. Having honest intentions






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






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






8. Having honest intentions






9. The maximum credit that a customer is allowed






10. Something of value; a resource; an advantage






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






12. Can be found in a newspaper and shows information about popular stocks.






13. Someone who lends money at excessive rates of interest






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






15. 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






16. The amount accruing to the corporations owners

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17. Give back (tax return)






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






19. The amount of tax owed






20. An act of economizing






21. Income on which tax must be paid; total income minus exemptions and deductions






22. 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






23. A delay in enforcing rights or claims or privileges






24. Electronic Funds Transfer






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






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






27. Production of a certain amount






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






29. Arrangement for deferred payment for goods and services






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






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






32. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






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






34. Business organizations that accommodate the buying and selling of securities.






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






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






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






38. A bond with zero discounts






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






40. The act of reducing the selling price of merchandise






41. 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






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






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






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






45. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






46. The standard IRS form for individual tax returns.






47. An accounting entry acknowledging income or capital items






48. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






49. The commercial activity of transporting and selling goods from a producer to a consumer






50. Protection against future loss