Test your basic knowledge |

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 penalty for making a payment after the due date






2. A loan that is paid off in a fixed rate over a period of time






3. A bank account that accumulates interest






4. 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






5. A record of checks written and deposits made in a checking account - kept by the depositor






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






7. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






8. Making money for owning something






9. Give back (tax return)






10. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






11. A fixed charge for borrowing money






12. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






13. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






14. 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






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






16. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






17. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






18. The right to take another's property if an obligation is not discharged






19. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






20. 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






21. Concern for ones own well being and advantages






22. A specific plan for spending your income






23. The standard IRS form for individual tax returns.






24. All costs or bills related to the business






25. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






27. Someone who has insufficient assets to cover their debts






28. Short-term and Long-term objectives that are driven by values.






29. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






31. Income on which tax must be paid; total income minus exemptions and deductions






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






33. Preparing a plan for transferring property during one's lifetime and at one's death






34. A long-term loan extended to someone who buys property






35. The shares available to sell/buy






36. Items of personal interest to collectors that can increase in value in the future






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






38. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






39. Electronic Funds Transfer






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






41. An institution that issues something (securities or publications or currency etc.)






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






43. Financial organization that pools people's money and invests it






44. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






45. An extra charge for various credit activities such as using an ATM or receiving a cash advance






46. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






47. Grant use or occupation of under a term of contract






48. Preparing a plan for transferring property during one's lifetime and at one's death






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






50. A loan in which the rate can be altered to adjust to economical need