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. 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






3. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






4. An accounting entry acknowledging sums that are owing






5. 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






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






7. Something of value; a resource; an advantage






8. A debt; something disadvantageous






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






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






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






12. 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






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






14. An accounting entry acknowledging sums that are owing






15. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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






17. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






18. The money paid for employee services






19. An exchange that occurs as a compromise






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






21. The standard IRS form for individual tax returns.






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






23. The apparent worth as opposed to the real worth






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






25. The extent to which something is covered






26. Income before taxes






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






28. Something that is made open or revealed






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






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






31. Anything that is used to produce goods or services






32. 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.






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






34. Funds that are often times traded through a stock exchange (NYSE)






35. Having honest intentions






36. Making money for owning something






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






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






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






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






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.






42. Business organizations that accommodate the buying and selling of securities.






43. By planning ahead you can ensure financial stability during your retirement.






44. By planning ahead you can ensure financial stability during your retirement.






45. Someone who has insufficient assets to cover their debts






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






47. A loan where the payment is acheived through interest






48. 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.






49. The money(usually a set amount) given to an individual to spend






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