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. 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.






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






3. A fixed charge for borrowing money






4. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






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






6. Is your gross income after certain reductions have been made






7. Whatever must be given up to obtain some item






8. The value of a security that is set by the company issuing it






9. A loan where the payment is acheived through interest






10. Receiving money for loaning money






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






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






13. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






14. An accounting entry acknowledging income or capital items






15. Someone who lends money at excessive rates of interest






16. A loan where the payment is acheived through interest






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






18. 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






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






20. The percentage of a sum of money charged for its use






21. The shares available to sell/buy






22. Profits paid to investors






23. Payment for insurance






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






25. The percentage of a sum of money charged for its use






26. A bond with zero discounts






27. Arrangement for deferred payment for goods and services






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






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






30. The recipient of funds or other benefits






31. The amount of money you would need to deposit now in order to attain a desired amount in the future






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






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






34. 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.






35. An exchange that occurs as a compromise






36. An accounting entry acknowledging income or capital items






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






38. An extra charge for various credit activities such as using an ATM or receiving a cash advance






39. 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.






40. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






41. A legal document declaring a person's wishes regarding the disposal of their property when they die






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






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






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






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






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






47. 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






48. An accounting entry acknowledging sums that are owing






49. 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






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