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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. 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.
Index Fund
Debt Consolidation
W-4
Transaction Fee
2. A debt; something disadvantageous
Late Fee
Liability
Executor
Zero-Coupon Bond
3. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Net Income
Balance
Financial Goals
4. 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
Exemptions
Rent
Bankruptcy
Opportunity Cost
5. Someone who lends money at excessive rates of interest
Loan Shark
Usury
Net Income
Deposit
6. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Self-Interest
Adjustable-Rate Loan
Asset
Probate
7. The right to take another's property if an obligation is not discharged
Stock Symbol
Lien
Net Income
Return
8. An accounting entry acknowledging income or capital items
Opportunity Cost
Profit
Compound Interest
Credit
9. Concern for ones own well being and advantages
Stock Symbol
Zero-Coupon Bond
Probate
Self-Interest
10. Electronic Funds Transfer
Cash
Saving
dividends
EFT
11. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Return
Trade-off
Billing Statement
Nonprofit Organization
12. Prompt payment for goods or services in currency or by check
Coupon Rate
Cash
Installment Loan
Index Fund
13. The process of managing one's assets and wealth
Bond Rating
Opportunity Cost
Allocation
Wealth Management
14. Limited quantities of resources to meet unlimited wants
1040 EZ tax form
Overdraft protection
Ownership Investments
Scarcity
15. The money paid for employee services
Market Capitalization
Index Fund
Salary
Exemptions
16. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Distribution
Transaction Fee
Par Value
17. The act of reducing the selling price of merchandise
Withdrawal
APR
Premium
Deduction
18. 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.
Wage
Common Stock
Premium
Loan
19. The right to take another's property if an obligation is not discharged
Tax Liability
Lien
Yield
Bankruptcy
20. An institution that issues something (securities or publications or currency etc.)
Issuer
Investing
Financial Institution
Annual Fee
21. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Loan
Stocks
EDGAR
22. Items of personal interest to collectors that can increase in value in the future
Withdrawal
Stock Exchanges
Consequence
Collectibles
23. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies
Credit
Payday Loan
EDGAR
Probate
24. The recipient of funds or other benefits
Money Market Accounts
Billing Statement
Beneficiary
Yield
25. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Maturity Date
Gross Income
Vesting
Unsecured Loan
26. A bank account that accumulates interest
Annual Fee
Savings Account
Deductible
Distribution
27. Savings account that pays market rate or better interest and allows access to funds without penalty.
Unsecured Loan
Common Stock
Money Market Accounts
Liability
28. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Secured Debt
Tax Liability
Property Rights
Saving
29. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Secured Loan
Identity Theft
Preferred Stock
FICA
30. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
1040 tax form
Indirect Car Loan
Mutual Funds
31. Things that incite or spur to action; rewards or reasons for performing a task.
APR
Reconcile
Savings Register
Incentives
32. The act of lending money at an exorbitant rate of interest
Deductions
Mutual Funds
Usury
Index Fund
33. A fixed charge for borrowing money
Par Value
Compound Interest
Interest
Lien
34. The apparent worth as opposed to the real worth
APR
SEC Filings
Deduction
Face Value
35. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Float
Self-Interest
Tax Liability
Preferred Stock
36. 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.
Will
Pay Period
Investing
Financial Statements
37. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Exemptions
Personal Allowances
Foreclosure
Unsecured Debt
38. Profits paid to investors
Asset
dividends
Asset Allocation
Credit
39. The act of taking out money or other capital
Deductions
Savings Register
Withdrawal
Return
40. The money(usually a set amount) given to an individual to spend
Exchange-Traded Funds
Personal Allowances
Asset
Retirement Planning
41. The period covered by a salary payment
Insolvent
Predatory Lending
Debit
Pay Period
42. The amount of tax owed
Savings Account
Taxable Income
Liability
Tax Liability
43. Preparing a plan for transferring property during one's lifetime and at one's death
Distribution
Unsecured Debt
Estate Planning
Securities
44. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Bank Statement
Loan Shark
Stock Symbol
Withdrawal
45. Stock other than preferred stock
Premium
Deposit
Common Stock
APR
46. 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
Line of Credit
APR
1040 tax form
EFT
47. Prompt payment for goods or services in currency or by check
Statement of Cash Flows
Float
Billing Statement
Cash
48. A general and progressive increase in prices
Financial Institution
Allocation
Living Trust
Inflation
49. A periodic statement prepared by a bank for each client
Credit
Total Assets
Bank Statement
APR
50. A specific plan for spending your income
Profit
Withdrawal
Bankruptcy
Personal Budget