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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 bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






3. Institution that functions much like a business - but does not operate for the purpose of generating profits






4. The recipient of funds or other benefits






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






6. An exchange that occurs as a compromise






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






8. The apparent worth as opposed to the real worth






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






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






11. 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






12. The amount of tax owed






13. Institution that functions much like a business - but does not operate for the purpose of generating profits






14. The interest rate that a bond issuer will pay to a bondholder






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






16. A specific plan for spending your income






17. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






18. Protection against future loss






19. Total assets minus total liabilities






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






21. Is your gross income after certain reductions have been made






22. The recipient of funds or other benefits






23. Limited quantities of resources to meet unlimited wants






24. The standard IRS form for individual tax returns.






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






26. The percentage of a sum of money charged for its use






27. Arrangement for deferred payment for goods and services






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






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






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






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






32. Shares of ownership in a company






33. Income before taxes






34. A loan where the payment is acheived through interest






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






36. The amount accruing to the corporations owners

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






38. 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






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






40. The process of making a decision - usually complex






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






42. The interest rate that a bond issuer will pay to a bondholder






43. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






44. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






45. All costs or bills related to the business






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






47. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






49. A business activity that changes assets - liabilities - or owner's equity






50. The time interval between the deposit of a check in a bank and its payment







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Can you answer 50 questions in 15 minutes?


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