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. Production of a certain amount






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






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






4. Payment for insurance






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






6. Items of personal interest to collectors that can increase in value in the future






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






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






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






10. Someone who lends money at excessive rates of interest






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






12. A record of checks written and deposits made in a checking account - kept by the depositor






13. An obligation to pay money to another party






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






15. Payment for insurance






16. An accounting entry acknowledging income or capital items






17. Short-term and Long-term objectives that are driven by values.






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. The standard IRS form for individual tax returns.






20. 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






21. 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.






22. A fixed charge for borrowing money






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






24. Prompt payment for goods or services in currency or by check






25. Concern for ones own well being and advantages






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






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






28. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






29. A specific plan for spending your income






30. Place to create a savings account.






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






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






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






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






35. The act of taking out money or other capital






36. 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.






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






38. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






39. An institution that issues something (securities or publications or currency etc.)






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






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






42. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






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






45. Money paid to a worker






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






47. The shares available to sell/buy






48. Limited quantities of resources to meet unlimited wants






49. The amount of tax owed






50. Something of value; a resource; an advantage