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






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






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






4. Concern for ones own well being and advantages






5. The act of taking out money or other capital






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






7. A payment given as a guarantee that an obligation will be met






8. An automatic loan made to you if you write a check for more money than you have in your account






9. The act of taking out money or other capital






10. Place to create a savings account.






11. Profits paid to investors






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






13. Production of a certain amount






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






15. Someone who lends money at excessive rates of interest






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






17. Bring into consonance or accord - to agree on terms






18. All costs or bills related to the business






19. 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






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






21. 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.






22. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






24. Shares of ownership in a company






25. An accounting entry acknowledging income or capital items






26. Give back (tax return)






27. Money paid to a worker






28. The amount of tax owed






29. 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.






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






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






32. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






33. 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.






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. Anything that is used to produce goods or services






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






37. A debt; something disadvantageous






38. Loan where the lender goes through the borrower






39. Things that incite or spur to action; rewards or reasons for performing a task.






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






41. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






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






44. 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






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






46. An exchange that occurs as a compromise






47. The economical needs of an individual






48. The amount of tax owed






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






50. Loan where the lender goes through the borrower