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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 venture undertaken without regard to possible loss or injury






2. Electronic Funds Transfer






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






4. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






5. The act of reducing the selling price of merchandise






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






7. Interest calculated on both the principal and the accrued interest






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






9. Payment for insurance






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






11. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






13. The economical needs of an individual






14. Total assets minus total liabilities






15. Loan where the lender goes through the borrower






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






17. The commercial activity of transporting and selling goods from a producer to a consumer






18. A share set aside for a specific purpose






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






20. 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.






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






22. Give back (tax return)






23. Protection against future loss






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






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






26. Someone who has insufficient assets to cover their debts






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






28. Shares of ownership in a company






29. Something of value; a resource; an advantage






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






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






32. Limited quantities of resources to meet unlimited wants






33. A specific plan for spending your income






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






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






36. The recipient of funds or other benefits






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






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






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






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






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






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






43. Protection against future loss






44. Loan deal in which the actual lender may not be known to the borrower.






45. Total assets minus total liabilities






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






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






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






49. A general and progressive increase in prices






50. The period covered by a salary payment







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