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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. A loan that is paid off in a fixed rate over a period of time
Vesting
Fixed-Rate Loan
Interest-Only Loan
Disclosure
2. The act of reducing the selling price of merchandise
Deduction
Insolvent
Property Rights
Inflation
3. The shares available to sell/buy
Scarcity
Loan Shark
Shares Outstanding
Lien
4. The apparent worth as opposed to the real worth
Loan
Face Value
Present Value
Opportunity Cost
5. Loan deal in which the actual lender may not be known to the borrower.
Resources
Beneficiary
Indirect Car Loan
Interest Rate
6. A delay in enforcing rights or claims or privileges
Forbearance
Net Worth
Par Value
Will
7. The extent to which something is covered
Balance Sheet
Scarcity
Coverage
I-9
8. Interest calculated on both the principal and the accrued interest
Certificates of Deposit
Resources
Compound Interest
Beneficiary
9. A penalty for making a payment after the due date
Nonprofit Organization
Annual Report
Face Value
Late Fee
10. The money(usually a set amount) given to an individual to spend
Maintain
APR
Liability
Personal Allowances
11. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
W-4
Income Statement
Stockholders' Equity
Balance Sheet
12. The amount of tax owed
Tax Liability
Income
Transaction
Vesting
13. An obligation to pay money to another party
Loan
Interest Rate
Financial Needs
Liability
14. A financial statement that gives operating results for a specific period
Net Worth
Self-Interest
Income Statement
Expenses
15. Business organizations that accommodate the buying and selling of securities.
Float
Stock Exchanges
Asset
Balance Sheet
16. Having honest intentions
Annual Report
Good Faith
Deductions
Loan Shark
17. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Annual Fee
Investing
Cannibalizing assets
18. The standard IRS form for individual tax returns.
Property Rights
Net Income
1040 tax form
Probate
19. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Net Income
Income
Coverage
20. A debt; something disadvantageous
I-9
Late Fee
Yield
Liability
21. 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.
Stock Symbol
Investing
Deductible
Insurance
22. Something that is made open or revealed
Collectibles
Tax Liability
SEC Filings
Disclosure
23. Production of a certain amount
Annual Report
Statement of Cash Flows
Yield
Scarcity
24. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Taxable Income
Stock Table
Checkbook Register
25. The act of taking out money or other capital
Income
Withdrawal
Inflation
APR
26. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Interest-Only Loan
Par Value
Interest-Only Loan
27. The money(usually a set amount) given to an individual to spend
Shares Outstanding
Personal Allowances
Phishing
Bonds
28. By planning ahead you can ensure financial stability during your retirement.
Transfer Payments
Retirement Planning
Net Income
Mutual Funds
29. Total assets minus total liabilities
Liability
Net Worth
Personal Allowances
Property Rights
30. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Retirement Planning
Certificates of Deposit
Checkbook Register
Maturity Date
31. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Expenses
Line of Credit
Total Assets
32. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Transaction Fee
Income
Stock Exchanges
Interest Rate
33. Stock other than preferred stock
Common Stock
APR
SEC Filings
Balance Sheet
34. Grant use or occupation of under a term of contract
Deductible
Rent
Property Rights
dividends
35. An automatic loan made to you if you write a check for more money than you have in your account
Profit
Yield
Overdraft protection
Premium
36. Arrangement for deferred payment for goods and services
Beneficiary
Balance Sheet
Credit
Deduction
37. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Total Debt
Insurance
Time value of money
Debit
38. Diagnosis Codes (in CCB Popup if more then 5 codes)
Float
Installment Loan
I-9
EFT
39. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Bonds
Maintain
Interest
40. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Taxable Income
Self-Interest
Bankruptcy
Vesting
41. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Resources
Secured Debt
Predatory Lending
Saving
42. Prompt payment for goods or services in currency or by check
Insurance
Cash
Disclosure
Overdraft protection
43. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Withdrawal
Foreclosure
Interest Rate
W-4
44. An obligation to pay money to another party
Float
Income Statement
Transfer Payments
Liability
45. Place to create a savings account.
Savings Register
Mutual Funds
Expenses
Interest-Only Loan
46. 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.
Balance
Expenses
Transfer Payments
Bond Rating
47. A penalty for making a payment after the due date
Executor
Living Trust
1040 EZ tax form
Late Fee
48. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Investing
Lien
SEC Filings
Financial Statements
49. 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
Annual Report
Cannibalizing assets
Mortage
Exemption
50. The recipient of funds or other benefits
Tax Liability
Beneficiary
Values
Float