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. All costs or bills related to the business






2. The act of lending money at an exorbitant rate of interest






3. An accounting entry acknowledging sums that are owing






4. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






5. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






7. A specific plan for spending your income






8. The process of making a decision - usually complex






9. A loan where the payment is acheived through interest






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






11. Total assets minus total liabilities






12. The amount of tax owed






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






14. Something of value; a resource; an advantage






15. Having honest intentions






16. Stock other than preferred stock






17. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






18. 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






19. 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






20. The value of a security that is set by the company issuing it






21. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






22. The act of taking out money or other capital






23. 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.






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






25. The apparent worth as opposed to the real worth






26. The date on which a financial obligation must be repaid






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






28. Things that incite or spur to action; rewards or reasons for performing a task.






29. Profits paid to investors






30. Loan where the lender goes through the borrower






31. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






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






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






35. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






36. 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






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






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






39. A regular payment to a person that iis intended to allow them to subsist without working






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






41. A yearly statement of the financial condition - progress - and expectations of an organization






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






43. A general and progressive increase in prices






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






45. A payment given as a guarantee that an obligation will be met






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






47. A debt not backed by specific property to satisfy the indebtedness in case of default.






48. An exchange that occurs as a compromise






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






50. 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.