SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Coverage
Statement of Cash Flows
Secured Debt
Zero-Coupon Bond
2. Money paid to a worker
Wage
Shares Outstanding
Preferred Stock
SEC Filings
3. A long-term loan extended to someone who buys property
Mortage
Net Income
Loan
Issuer
4. An obligation to pay money to another party
Vesting
Investing
Liability
Good Faith
5. A record of checks written and deposits made in a checking account - kept by the depositor
Identity Theft
Checkbook Register
Zero-Coupon Bond
SEC Filings
6. The maximum credit that a customer is allowed
Line of Credit
Coverage
Living Trust
Money Market Accounts
7. The financial gain (earned or unearned) accruing over a given period of time
Deductions
Executor
Income
Self-Interest
8. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Return
Adjusted Gross Income
Foreclosure
Beneficiary
9. Making money for owning something
Ownership Investments
Stock Symbol
Savings Register
Stock Table
10. 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
Exemptions
Identity Theft
Index Fund
Secured Loan
11. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Lending Investments
1040 EZ tax form
Phishing
Incentives
12. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Decison-making
Secured Debt
Cash
13. A financial statement that gives operating results for a specific period
Stocks
Unsecured Loan
Stock Table
Income Statement
14. A person appointed by a testator to carry out the terms of the will
Self-Interest
Executor
Money Market Accounts
Gross Income
15. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
Will
Credit
Stockholders' Equity
16. Loan with equal number of payments of the same amount over a fixed period of time.
Identity Theft
APR
Installment Loan
Payday Loan
17. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Phishing
Predatory Lending
Financial Statements
Money Market Accounts
18. Arrangement for deferred payment for goods and services
Bonds
Scarcity
Savings Register
Credit
19. Financial organization that pools people's money and invests it
Mutual Funds
Gross Income
Annual Fee
FICA
20. A fixed charge for borrowing money
Stock Exchanges
Interest
Financial Goals
Premium
21. The recipient of funds or other benefits
Property Rights
Insolvent
Beneficiary
Reconcile
22. A periodic statement prepared by a bank for each client
Bank Statement
1040 tax form
Credit
Distribution
23. Something that is made open or revealed
Liability
Stock Exchanges
Disclosure
Loan
24. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
I-9
Debt Consolidation
Payday Loan
Predatory Lending
25. Certificates that represent money the government has borrowed from private citizens
Late Fee
Bonds
Personal Allowances
Ownership Investments
26. Profits paid to investors
Estate Planning
dividends
Common Stock
Compound Interest
27. The act of taking out money or other capital
Estate Planning
EFT
Values
Withdrawal
28. Savings account that pays market rate or better interest and allows access to funds without penalty.
Credit
Money Market Accounts
Ownership Investments
FICA
29. The act of reducing the selling price of merchandise
Deduction
Decison-making
Asset Allocation
Indirect Car Loan
30. Loan where the lender goes through the borrower
1040 tax form
Direct Car Loan
Statement of Cash Flows
Lien
31. A loan backed by something valuable - such as property
Secured Loan
Transaction
Annual Fee
Asset Allocation
32. Loan where the lender goes through the borrower
Transfer Payments
Direct Car Loan
Interest-Only Loan
Adjustable-Rate Loan
33. The shares available to sell/buy
Shares Outstanding
Foreclosure
Incentives
Present Value
34. 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
I-9
Inflation
EDGAR
Nonprofit Organization
35. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Financial Needs
Profit
Savings Account
36. Protection against future loss
Insurance
Asset Allocation
Indirect Car Loan
Probate
37. The percentage of a sum of money charged for its use
Interest Rate
Bankruptcy
Will
Debt Consolidation
38. Financial reports that summarize the financial condition and operations of a business
Resources
Financial Statements
Annual Report
Incentives
39. 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
Predatory Lending
Cannibalizing assets
Investing
Reconcile
40. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Indirect Car Loan
Living Trust
Deductions
Interest-Only Loan
41. 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.
Secured Loan
Asset
Loan
Will
42. A payment given as a guarantee that an obligation will be met
Deposit
Annual Fee
Zero-Coupon Bond
Investing
43. The amount accruing to the corporations owners
44. The process of making a decision - usually complex
Estate Planning
Transaction Fee
Self-Interest
Decison-making
45. Financial organization that pools people's money and invests it
Withdrawal
Mutual Funds
Cannibalizing assets
Will
46. Interest calculated on both the principal and the accrued interest
Opportunity Cost
Compound Interest
Disclosure
Investing
47. A loan that is paid off in a fixed rate over a period of time
Deductible
Fixed-Rate Loan
Savings Account
Asset
48. An act of economizing
Payday Loan
Saving
Deduction
Billing Statement
49. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Adjusted Gross Income
Stockholders' Equity
Securities
50. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Deductions
Financial Needs
1040 EZ tax form