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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. Financial organization that pools people's money and invests it
Money Market Accounts
Mutual Funds
Beneficiary
Insurance
2. A loan backed by something valuable - such as property
Secured Loan
On-Boarding
Balance
Bankruptcy
3. Maintain by writing regular records
Transaction Fee
Secured Loan
Maintain
Identity Theft
4. 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.
Bond Rating
Shares Outstanding
Rent
Transfer Payments
5. An accounting entry acknowledging income or capital items
Adjustable-Rate Loan
Credit
Stock Table
W-4
6. The amount accruing to the corporations owners
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7. Short-term and Long-term objectives that are driven by values.
Financial Goals
Adjusted Gross Income
Forbearance
Installment Loan
8. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Bank Statement
Wage
Wealth Management
Time value of money
9. Stock other than preferred stock
Unsecured Loan
Total Debt
Common Stock
Billing Statement
10. An accounting entry acknowledging sums that are owing
Will
Rent
Debit
Total Assets
11. 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.
Ownership Investments
Loan
Beneficiary
Insurance
12. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Installment Loan
Adjustable-Rate Loan
Total Assets
Lien
13. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Money Market Accounts
Preferred Stock
Coverage
Index Fund
14. Loan deal in which the actual lender may not be known to the borrower.
Lending Investments
Indirect Car Loan
Tax Liability
Pension
15. A regular payment to a person that iis intended to allow them to subsist without working
Loan Shark
Pension
Estate Planning
Lending Investments
16. Grant use or occupation of under a term of contract
Financial Needs
Collectibles
Rent
Interest Rate
17. Funds that are often times traded through a stock exchange (NYSE)
Par Value
Exchange-Traded Funds
Debit
Stock Table
18. The economical needs of an individual
Billing Statement
W-4
Financial Needs
Living Trust
19. The interest rate that a bond issuer will pay to a bondholder
Exemption
Coupon Rate
Indirect Car Loan
Stock Table
20. The interest rate that a bond issuer will pay to a bondholder
Stock Exchanges
Distribution
EDGAR
Coupon Rate
21. 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
Usury
1040 tax form
Foreclosure
Cannibalizing assets
22. Financial organization that pools people's money and invests it
Inflation
Maturity Date
Asset Allocation
Mutual Funds
23. Payment for insurance
Forbearance
Premium
Cash
Reconcile
24. A person appointed by a testator to carry out the terms of the will
Predatory Lending
Market Capitalization
Executor
APR
25. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Consequence
Bankruptcy
Expenses
Money Market Accounts
26. Things that incite or spur to action; rewards or reasons for performing a task.
Issuer
Exemption
Mutual Funds
Incentives
27. An institution that issues something (securities or publications or currency etc.)
Personal Budget
Exchange-Traded Funds
Issuer
Wage
28. Income on which tax must be paid; total income minus exemptions and deductions
Savings Account
Liability
Taxable Income
Stock Exchanges
29. A bond with zero discounts
Transfer Payments
Savings Register
Zero-Coupon Bond
Unsecured Debt
30. The act of reducing the selling price of merchandise
Deduction
Nonprofit Organization
Return
Overdraft protection
31. An act of economizing
1040 EZ tax form
Exchange-Traded Funds
Saving
Mutual Funds
32. A penalty for making a payment after the due date
Late Fee
Interest Rate
Reconcile
Tax Liability
33. An obligation to pay money to another party
Risk
Liability
dividends
Living Trust
34. Bring into consonance or accord - to agree on terms
Transaction Fee
Reconcile
Maintain
Insolvent
35. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Index Fund
Securities
Net Income
dividends
36. An extra charge for various credit activities such as using an ATM or receiving a cash advance
EDGAR
Income
Financial Needs
Transaction Fee
37. Protection against future loss
Insurance
Reconcile
Ownership Investments
Maintain
38. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Collectibles
Expenses
Coverage
39. A loan in which the rate can be altered to adjust to economical need
Bankruptcy
Financial Statements
Adjustable-Rate Loan
Insolvent
40. Arrangement for deferred payment for goods and services
Collectibles
Financial Institution
Financial Needs
Credit
41. The amount of tax owed
Payday Loan
Tax Liability
Asset
Maturity Date
42. A legal document declaring a person's wishes regarding the disposal of their property when they die
Wealth Management
Beneficiary
Will
Deductions
43. The commercial activity of transporting and selling goods from a producer to a consumer
Nonprofit Organization
Allocation
Distribution
Checkbook Register
44. 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
Expenses
Cannibalizing assets
Consequence
Identity Theft
45. Something that is made open or revealed
Face Value
Financial Statements
Disclosure
Living Trust
46. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Retirement Planning
Financial Needs
Vesting
Securities
47. An institution that issues something (securities or publications or currency etc.)
Total Assets
Issuer
Line of Credit
W-4
48. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Taxable Income
Asset Allocation
Pension
49. Someone who has insufficient assets to cover their debts
Executor
Debit
Stock Symbol
Insolvent
50. The extent to which something is covered
Consequence
Phishing
Coverage
Deductions