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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. The process of making a decision - usually complex






2. Business organizations that accommodate the buying and selling of securities.






3. Having honest intentions






4. A venture undertaken without regard to possible loss or injury






5. Income on which tax must be paid; total income minus exemptions and deductions






6. Compute credits and debits of an account






7. Something of value; a resource; an advantage






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






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






10. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






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






13. Limited quantities of resources to meet unlimited wants






14. Someone who lends money at excessive rates of interest






15. The financial gain (earned or unearned) accruing over a given period of time






16. A payment given as a guarantee that an obligation will be met






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






18. 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.






19. Whatever must be given up to obtain some item






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






21. Someone who lends money at excessive rates of interest






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






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






24. The money paid for employee services






25. Payment for insurance






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






27. The act of reducing the selling price of merchandise






28. Shares of ownership in a company






29. The period covered by a salary payment






30. Maintain by writing regular records






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






32. Something that is made open or revealed






33. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






34. An accounting entry acknowledging income or capital items






35. 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






36. A financial statement that gives operating results for a specific period






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






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






39. Loan where the lender goes through the borrower






40. Making money for owning something






41. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






42. Profits paid to investors






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






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






45. The recipient of funds or other benefits






46. A general and progressive increase in prices






47. The economical needs of an individual






48. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






49. Arrangement for deferred payment for goods and services






50. An obligation to pay money to another party






Can you answer 50 questions in 15 minutes?



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