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 loan where the payment is acheived through interest






2. 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






3. 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.






4. 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.






5. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






7. The amount accruing to the corporations owners

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8. Can be found in a newspaper and shows information about popular stocks.






9. A bond with zero discounts






10. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






11. The process of making a decision - usually complex






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






13. The amount of tax owed






14. Loan deal in which the actual lender may not be known to the borrower.






15. An act of economizing






16. Receiving money for loaning money






17. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






18. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






19. The shares available to sell/buy






20. Give back (tax return)






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






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






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






24. The distribution of investment funds among broad classes of assets.






25. Arrangement for deferred payment for goods and services






26. A bank account that accumulates interest






27. The act of taking out money or other capital






28. 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






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






30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






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






33. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






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






35. The process of managing one's assets and wealth






36. The money paid for employee services






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






38. 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.






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






40. The financial gain (earned or unearned) accruing over a given period of time






41. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






43. The economical needs of an individual






44. A loan backed by something valuable - such as property






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






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






47. Production of a certain amount






48. Prompt payment for goods or services in currency or by check






49. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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