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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. An obligation to pay money to another party
Collectibles
Liability
Retirement Planning
SEC Filings
2. Income on which tax must be paid; total income minus exemptions and deductions
Compound Interest
Disclosure
Taxable Income
Asset Allocation
3. The extent to which something is covered
1040 EZ tax form
Nonprofit Organization
Coverage
Personal Budget
4. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Yield
Maturity Date
Foreclosure
5. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Debt Consolidation
Living Trust
EFT
APR
6. 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
Installment Loan
Exemptions
Pension
APR
7. Something that is made open or revealed
Disclosure
APR
Salary
Time value of money
8. The standard IRS form for individual tax returns.
Overdraft protection
1040 tax form
Issuer
Income
9. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Income Statement
Asset
Lending Investments
10. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Securities
Taxable Income
Total Debt
Common Stock
11. Maintain by writing regular records
Maintain
Money Market Accounts
Income Statement
Personal Budget
12. 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.
Transfer Payments
Adjustable-Rate Loan
Shares Outstanding
Identity Theft
13. Prompt payment for goods or services in currency or by check
Interest Rate
dividends
Cash
Executor
14. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Payday Loan
EDGAR
Deduction
15. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Deduction
Living Trust
Gross Income
1040 EZ tax form
16. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
SEC Filings
Balance
Direct Car Loan
401 K
17. Financial reports that summarize the financial condition and operations of a business
Predatory Lending
Incentives
Reconcile
Financial Statements
18. The act of reducing the selling price of merchandise
Payday Loan
Net Worth
Deduction
Wage
19. An amount that credit card companies can charge for the use of a credit card.
Compound Interest
Annual Fee
Net Worth
Total Debt
20. A venture undertaken without regard to possible loss or injury
Net Income
Trade-off
Risk
Deposit
21. Whatever must be given up to obtain some item
Stock Table
Insurance
Opportunity Cost
Liability
22. Having honest intentions
Cannibalizing assets
Stocks
Good Faith
Loan Shark
23. The standard IRS form for individual tax returns.
Rent
Fixed-Rate Loan
1040 tax form
Net Income
24. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Statement of Cash Flows
Withdrawal
Net Income
Unsecured Loan
25. Give back (tax return)
Maturity Date
Inflation
Return
Bonds
26. Total assets minus total liabilities
Time value of money
dividends
Identity Theft
Net Worth
27. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Financial Institution
On-Boarding
Billing Statement
28. Limited quantities of resources to meet unlimited wants
Line of Credit
Scarcity
Premium
Bond Rating
29. Savings account that pays market rate or better interest and allows access to funds without penalty.
Net Income
Financial Needs
Money Market Accounts
401 K
30. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Cash
Bank Statement
Values
Allocation
31. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Self-Interest
Lending Investments
Mortage
32. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Cannibalizing assets
Issuer
Stocks
33. Financial reports that summarize the financial condition and operations of a business
Usury
Interest-Only Loan
Late Fee
Financial Statements
34. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Credit
Executor
Foreclosure
Usury
35. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Withdrawal
Compound Interest
Allocation
36. A regular payment to a person that iis intended to allow them to subsist without working
Indirect Car Loan
Risk
Pension
Ownership Investments
37. Items of personal interest to collectors that can increase in value in the future
Lending Investments
Disclosure
Collectibles
Net Income
38. The extent to which something is covered
Loan
Exchange-Traded Funds
Coverage
Interest Rate
39. Electronic Funds Transfer
Balance Sheet
Deposit
EFT
Maintain
40. Production of a certain amount
Yield
Allocation
Payday Loan
Stock Symbol
41. Grant use or occupation of under a term of contract
Saving
On-Boarding
Maintain
Rent
42. Concern for ones own well being and advantages
Debt Consolidation
Financial Statements
Disclosure
Self-Interest
43. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Rent
Pay Period
Certificates of Deposit
Installment Loan
44. Profits paid to investors
Bankruptcy
dividends
Debt Consolidation
Income
45. Arrangement for deferred payment for goods and services
Credit
SEC Filings
Expenses
Interest-Only Loan
46. A payment given as a guarantee that an obligation will be met
Stock Table
Overdraft protection
Loan Shark
Deposit
47. Arrangement for deferred payment for goods and services
Credit
W-4
Annual Report
1040 EZ tax form
48. Profits paid to investors
Disclosure
Savings Register
dividends
Zero-Coupon Bond
49. Payment for insurance
Mutual Funds
Common Stock
Premium
I-9
50. The percentage of a sum of money charged for its use
Interest Rate
Cannibalizing assets
Credit
Savings Account