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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 where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Rent
Nonprofit Organization
Payday Loan
Foreclosure
2. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Reconcile
Beneficiary
Shares Outstanding
3. 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
Market Capitalization
Incentives
Maturity Date
Interest Rate
4. Is your gross income after certain reductions have been made
Adjusted Gross Income
Gross Income
Transfer Payments
Installment Loan
5. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Saving
Direct Car Loan
Bank Statement
6. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Issuer
Overdraft protection
Market Capitalization
7. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
I-9
Statement of Cash Flows
Financial Statements
Resources
8. A person appointed by a testator to carry out the terms of the will
Executor
Asset Allocation
Securities
Financial Goals
9. The shares available to sell/buy
Risk
Income Statement
Risk
Shares Outstanding
10. A debt; something disadvantageous
Taxable Income
Net Worth
Liability
Credit
11. Concern for ones own well being and advantages
Self-Interest
Credit
Exemptions
Adjustable-Rate Loan
12. The standard IRS form for individual tax returns.
Stockholders' Equity
1040 tax form
Beneficiary
Total Debt
13. The commercial activity of transporting and selling goods from a producer to a consumer
401 K
Distribution
Present Value
Premium
14. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Market Capitalization
Bankruptcy
Late Fee
15. The time interval between the deposit of a check in a bank and its payment
Mutual Funds
Yield
Expenses
Float
16. Income before taxes
Adjustable-Rate Loan
Money Market Accounts
APR
Gross Income
17. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Maturity Date
Line of Credit
Financial Institution
401 K
18. An institution that issues something (securities or publications or currency etc.)
Issuer
Maturity Date
Mortage
Face Value
19. A debt; something disadvantageous
Adjusted Gross Income
Transaction Fee
Liability
Withdrawal
20. Give back (tax return)
Shares Outstanding
Return
Balance Sheet
Statement of Cash Flows
21. A specific plan for spending your income
Personal Budget
EDGAR
Gross Income
Credit
22. Shares of ownership in a company
Stocks
Bonds
Asset Allocation
Pay Period
23. A yearly statement of the financial condition - progress - and expectations of an organization
Stocks
Mutual Funds
Annual Report
Nonprofit Organization
24. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Lending Investments
Wealth Management
Deductions
Indirect Car Loan
25. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Debit
Predatory Lending
Certificates of Deposit
Credit
26. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Debt Consolidation
Index Fund
Loan Shark
Asset
27. Protection against future loss
Insurance
Financial Needs
Nonprofit Organization
Deductible
28. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Phishing
Adjusted Gross Income
Stock Symbol
Foreclosure
29. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Interest-Only Loan
Usury
Debt Consolidation
Bankruptcy
30. Diagnosis Codes (in CCB Popup if more then 5 codes)
Lien
Debit
Maturity Date
I-9
31. Institution that functions much like a business - but does not operate for the purpose of generating profits
Cannibalizing assets
Nonprofit Organization
Will
Direct Car Loan
32. 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
Opportunity Cost
Cannibalizing assets
Good Faith
Wealth Management
33. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Personal Budget
Bank Statement
Unsecured Loan
Net Income
34. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Risk
Collectibles
Return
On-Boarding
35. Stock other than preferred stock
Common Stock
Bond Rating
Cash
Liability
36. The maximum credit that a customer is allowed
W-4
Exemptions
Line of Credit
Checkbook Register
37. The right to take another's property if an obligation is not discharged
Par Value
Consequence
Financial Needs
Lien
38. Having honest intentions
Good Faith
Deductible
Exchange-Traded Funds
Inflation
39. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Return
Vesting
Maturity Date
Financial Needs
40. An accounting entry acknowledging income or capital items
Stock Table
Credit
Issuer
Money Market Accounts
41. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Self-Interest
Time value of money
Money Market Accounts
Nonprofit Organization
42. Grant use or occupation of under a term of contract
Rent
Float
Adjusted Gross Income
Investing
43. Preparing a plan for transferring property during one's lifetime and at one's death
Preferred Stock
Estate Planning
Usury
Exchange-Traded Funds
44. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Return
Cash
Premium
45. An exchange that occurs as a compromise
Stocks
Overdraft protection
Trade-off
Loan
46. Income on which tax must be paid; total income minus exemptions and deductions
SEC Filings
Deductible
Overdraft protection
Taxable Income
47. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Exemptions
Direct Car Loan
Values
48. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Deductible
Fixed-Rate Loan
Shares Outstanding
W-4
49. Production of a certain amount
Good Faith
Yield
Income Statement
Tax Liability
50. Business organizations that accommodate the buying and selling of securities.
Asset Allocation
Overdraft protection
Stock Exchanges
Stocks