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 that is paid off in a fixed rate over a period of time






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






3. 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






4. Grant use or occupation of under a term of contract






5. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






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






8. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






9. 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.






10. Limited quantities of resources to meet unlimited wants






11. Production of a certain amount






12. A person appointed by a testator to carry out the terms of the will






13. 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.






14. Production of a certain amount






15. Concern for ones own well being and advantages






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






17. 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






18. Place to create a savings account.






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






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






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






22. The outcome of an event especially as relative to an individual






23. Money paid to a worker






24. 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.






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






26. 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.






27. An act of economizing






28. A business activity that changes assets - liabilities - or owner's equity






29. Total assets minus total liabilities






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






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






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






33. Electronic Funds Transfer






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






35. Financial reports that summarize the financial condition and operations of a business






36. Protection against future loss






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






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






39. Compute credits and debits of an account






40. A specific plan for spending your income






41. The extent to which something is covered






42. 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






43. Savings account that pays market rate or better interest and allows access to funds without penalty.






44. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






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






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






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






48. Someone who has insufficient assets to cover their debts






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






50. The maximum credit that a customer is allowed