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. 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.






2. A debt; something disadvantageous






3. An extra charge for various credit activities such as using an ATM or receiving a cash advance






4. 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






5. Someone who lends money at excessive rates of interest






6. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






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






8. An accounting entry acknowledging income or capital items






9. Concern for ones own well being and advantages






10. Electronic Funds Transfer






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






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






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






14. Limited quantities of resources to meet unlimited wants






15. The money paid for employee services






16. Loan with equal number of payments of the same amount over a fixed period of time.






17. The act of reducing the selling price of merchandise






18. 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.






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






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






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






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






23. 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






24. The recipient of funds or other benefits






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






26. A bank account that accumulates interest






27. Savings account that pays market rate or better interest and allows access to funds without penalty.






28. The rights of an individual to own - use - rent - invest in - buy - and sell property.






29. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






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






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






33. A fixed charge for borrowing money






34. The apparent worth as opposed to the real worth






35. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






36. 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.






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






38. Profits paid to investors






39. The act of taking out money or other capital






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






41. The period covered by a salary payment






42. The amount of tax owed






43. Preparing a plan for transferring property during one's lifetime and at one's death






44. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






45. Stock other than preferred stock






46. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






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






48. A general and progressive increase in prices






49. A periodic statement prepared by a bank for each client






50. A specific plan for spending your income