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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. Financial organization that pools people's money and invests it
Deduction
Mutual Funds
Cannibalizing assets
Debt Consolidation
2. A loan where the payment is acheived through interest
Stock Table
Predatory Lending
Loan
Interest-Only Loan
3. Limited quantities of resources to meet unlimited wants
Savings Account
Scarcity
Issuer
Executor
4. Is your gross income after certain reductions have been made
Adjusted Gross Income
Lien
Deduction
Ownership Investments
5. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Financial Institution
Checkbook Register
Values
Statement of Cash Flows
6. An evaluation by a rating company of the probability that a particular bond issue will default
Pay Period
Bond Rating
Deduction
Mortage
7. Things that incite or spur to action; rewards or reasons for performing a task.
Zero-Coupon Bond
Incentives
Line of Credit
Insolvent
8. The process of making a decision - usually complex
Decison-making
Vesting
Coverage
Salary
9. The financial gain (earned or unearned) accruing over a given period of time
EFT
Stock Exchanges
Income
Wealth Management
10. A bond with zero discounts
dividends
Savings Register
Bank Statement
Zero-Coupon Bond
11. A general and progressive increase in prices
Decison-making
Inflation
Withdrawal
Indirect Car Loan
12. A periodic statement prepared by a bank for each client
Wage
Lien
Bank Statement
Asset
13. A fixed charge for borrowing money
Property Rights
Insurance
Interest
Estate Planning
14. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Incentives
Foreclosure
Expenses
Deductions
15. A yearly statement of the financial condition - progress - and expectations of an organization
Issuer
Preferred Stock
Float
Annual Report
16. 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
Cannibalizing assets
Liability
Bond Rating
Coupon Rate
17. Certificates that represent money the government has borrowed from private citizens
Bonds
Personal Allowances
Will
Shares Outstanding
18. 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
Exemption
Transaction Fee
Identity Theft
Loan Shark
19. An automatic loan made to you if you write a check for more money than you have in your account
Salary
Overdraft protection
Disclosure
Saving
20. A loan backed by something valuable - such as property
Market Capitalization
Time value of money
Secured Loan
Phishing
21. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Collectibles
Time value of money
Payday Loan
Wealth Management
22. 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
Wage
Deduction
APR
Identity Theft
23. The commercial activity of transporting and selling goods from a producer to a consumer
Balance
Estate Planning
Distribution
Mortage
24. Total assets minus total liabilities
Net Worth
Annual Report
Allocation
Debt Consolidation
25. The shares available to sell/buy
Credit
Stock Exchanges
Shares Outstanding
Savings Register
26. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Insurance
dividends
Personal Allowances
Index Fund
27. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Consequence
Balance Sheet
Indirect Car Loan
Interest Rate
28. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Stock Table
Financial Needs
Wealth Management
Property Rights
29. Stock other than preferred stock
Asset
Shares Outstanding
Exchange-Traded Funds
Common Stock
30. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Savings Register
Net Worth
Insolvent
Payday Loan
31. The amount accruing to the corporations owners
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32. 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
EDGAR
Debt Consolidation
Balance
Asset Allocation
33. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Distribution
Unsecured Loan
Debit
Pension
34. Production of a certain amount
Yield
Will
Wage
Net Worth
35. An amount that credit card companies can charge for the use of a credit card.
Collectibles
Pension
Annual Fee
Return
36. Money paid to a worker
Living Trust
Wage
Bond Rating
Living Trust
37. 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
Financial Goals
Income
Deduction
Cannibalizing assets
38. A debt; something disadvantageous
Deduction
Liability
Collectibles
401 K
39. Something that is made open or revealed
Deposit
Disclosure
Stocks
Debt Consolidation
40. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Float
Phishing
EFT
Fixed-Rate Loan
41. Something of value; a resource; an advantage
Foreclosure
Rent
Maturity Date
Asset
42. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
SEC Filings
Personal Allowances
Liability
43. A debt not backed by specific property to satisfy the indebtedness in case of default.
Withdrawal
Unsecured Debt
Debt Consolidation
W-4
44. The period covered by a salary payment
Pay Period
Usury
Incentives
Secured Loan
45. An accounting entry acknowledging income or capital items
Phishing
Securities
Credit
Personal Allowances
46. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
dividends
Predatory Lending
Living Trust
Balance Sheet
47. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Par Value
Foreclosure
Secured Debt
Expenses
48. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Saving
Retirement Planning
Opportunity Cost
49. A general and progressive increase in prices
Inflation
Nonprofit Organization
1040 EZ tax form
dividends
50. An institution that issues something (securities or publications or currency etc.)
Collectibles
Issuer
Coverage
Incentives