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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. The standard IRS form for individual tax returns.
Yield
Good Faith
Secured Debt
1040 tax form
2. The commercial activity of transporting and selling goods from a producer to a consumer
Interest Rate
Stock Symbol
Decison-making
Distribution
3. Income on which tax must be paid; total income minus exemptions and deductions
Securities
Financial Institution
Taxable Income
Usury
4. Production of a certain amount
Common Stock
Loan Shark
Liability
Yield
5. All costs or bills related to the business
Deductible
Interest-Only Loan
Stock Exchanges
Expenses
6. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Net Income
Total Assets
Deductible
Gross Income
7. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts
Exemptions
Retirement Planning
Inflation
Stocks
8. Compute credits and debits of an account
Balance
Coverage
Compound Interest
Mortage
9. The time interval between the deposit of a check in a bank and its payment
Personal Allowances
W-4
Exemption
Float
10. 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
Unsecured Debt
FICA
Interest Rate
Cash
11. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Net Worth
1040 EZ tax form
Interest
Net Income
12. Financial organization that pools people's money and invests it
Beneficiary
Saving
Net Income
Mutual Funds
13. Business organizations that accommodate the buying and selling of securities.
Stockholders' Equity
Adjusted Gross Income
Debit
Stock Exchanges
14. The percentage of a sum of money charged for its use
Profit
Interest Rate
Adjustable-Rate Loan
Common Stock
15. Grant use or occupation of under a term of contract
Rent
Saving
Securities
Stock Symbol
16. The money paid for employee services
Probate
Salary
Risk
Retirement Planning
17. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Net Income
Certificates of Deposit
Investing
1040 tax form
18. The act of taking out money or other capital
Withdrawal
Mutual Funds
Good Faith
Return
19. The period covered by a salary payment
Yield
Direct Car Loan
Certificates of Deposit
Pay Period
20. Place to create a savings account.
Savings Register
Beneficiary
Financial Statements
Zero-Coupon Bond
21. A yearly statement of the financial condition - progress - and expectations of an organization
Insurance
Annual Report
Credit
Credit
22. Interest calculated on both the principal and the accrued interest
Compound Interest
Line of Credit
Nonprofit Organization
Withdrawal
23. The money(usually a set amount) given to an individual to spend
Self-Interest
Personal Allowances
Shares Outstanding
Debit
24. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Interest Rate
Return
Lending Investments
25. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Scarcity
On-Boarding
Bonds
Unsecured Debt
26. The apparent worth as opposed to the real worth
Face Value
Deductible
Exemption
Probate
27. Loan deal in which the actual lender may not be known to the borrower.
Income
Indirect Car Loan
Risk
Fixed-Rate Loan
28. The act of lending money at an exorbitant rate of interest
Stockholders' Equity
Usury
Collectibles
Adjustable-Rate Loan
29. A bank account that accumulates interest
On-Boarding
Savings Account
Self-Interest
Fixed-Rate Loan
30. The apparent worth as opposed to the real worth
Liability
Stock Exchanges
Decison-making
Face Value
31. Can be found in a newspaper and shows information about popular stocks.
Stock Table
FICA
Values
Line of Credit
32. A financial statement that gives operating results for a specific period
Saving
Transaction Fee
Income Statement
Salary
33. By planning ahead you can ensure financial stability during your retirement.
Secured Debt
Transaction
401 K
Retirement Planning
34. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Savings Account
Secured Debt
Transaction Fee
Maintain
35. The amount accruing to the corporations owners
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36. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Unsecured Loan
Beneficiary
Scarcity
Securities
37. Protection against future loss
Credit
Unsecured Debt
Wealth Management
Insurance
38. Someone who lends money at excessive rates of interest
Adjustable-Rate Loan
FICA
Total Debt
Loan Shark
39. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Executor
Total Debt
Securities
Zero-Coupon Bond
40. The recipient of funds or other benefits
Beneficiary
Liability
Time value of money
Overdraft protection
41. Things that incite or spur to action; rewards or reasons for performing a task.
SEC Filings
Annual Fee
Incentives
1040 EZ tax form
42. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Bankruptcy
Statement of Cash Flows
Expenses
Stock Table
43. Loan where the lender goes through the borrower
Direct Car Loan
Trade-off
Foreclosure
Probate
44. A bond with zero discounts
Will
Identity Theft
Values
Zero-Coupon Bond
45. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Beneficiary
Bonds
Payday Loan
46. A financial statement that gives operating results for a specific period
Income Statement
Estate Planning
1040 EZ tax form
Adjusted Gross Income
47. An accounting entry acknowledging income or capital items
Consequence
Pay Period
Credit
Allocation
48. Profits paid to investors
Financial Needs
Saving
Late Fee
dividends
49. A fixed charge for borrowing money
Bankruptcy
Financial Needs
Adjusted Gross Income
Interest
50. Loan with equal number of payments of the same amount over a fixed period of time.
Mutual Funds
Installment Loan
Unsecured Loan
Float