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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. All costs or bills related to the business
Expenses
Stocks
Collectibles
Financial Goals
2. The act of lending money at an exorbitant rate of interest
Usury
Salary
Line of Credit
Bank Statement
3. An accounting entry acknowledging sums that are owing
Cannibalizing assets
Debit
Annual Report
Personal Budget
4. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
W-4
Fixed-Rate Loan
Saving
5. Diagnosis Codes (in CCB Popup if more then 5 codes)
Distribution
I-9
Stock Symbol
Risk
6. A loan that is paid off in a fixed rate over a period of time
Living Trust
Fixed-Rate Loan
Financial Goals
Bonds
7. A specific plan for spending your income
Personal Budget
Maturity Date
Ownership Investments
Financial Institution
8. The process of making a decision - usually complex
Total Assets
Decison-making
Asset
Self-Interest
9. A loan where the payment is acheived through interest
Interest-Only Loan
Coupon Rate
Shares Outstanding
Overdraft protection
10. A financial statement that gives operating results for a specific period
SEC Filings
Scarcity
Wage
Income Statement
11. Total assets minus total liabilities
Vesting
Return
Net Worth
Income
12. The amount of tax owed
Balance
Tax Liability
Exchange-Traded Funds
On-Boarding
13. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Time value of money
Stock Symbol
Late Fee
Pension
14. Something of value; a resource; an advantage
Living Trust
Unsecured Debt
Asset
Retirement Planning
15. Having honest intentions
I-9
Net Income
Good Faith
Ownership Investments
16. Stock other than preferred stock
Common Stock
Good Faith
Securities
Net Income
17. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Interest
Debt Consolidation
401 K
Distribution
18. 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
Savings Register
Cannibalizing assets
Deduction
Deduction
19. 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
Late Fee
Transfer Payments
Exemptions
Inflation
20. The value of a security that is set by the company issuing it
Values
Income
Par Value
Late Fee
21. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
SEC Filings
Asset
Annual Fee
22. The act of taking out money or other capital
Withdrawal
1040 EZ tax form
Stocks
Fixed-Rate Loan
23. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Good Faith
Asset Allocation
Predatory Lending
Late Fee
24. Certificates that represent money the government has borrowed from private citizens
FICA
Deductions
Risk
Bonds
25. The apparent worth as opposed to the real worth
Deduction
Face Value
Predatory Lending
Identity Theft
26. The date on which a financial obligation must be repaid
Good Faith
Financial Statements
Maturity Date
Bond Rating
27. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Total Assets
Good Faith
Transaction Fee
Payday Loan
28. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
EFT
Savings Account
Consequence
29. Profits paid to investors
Saving
Phishing
dividends
Probate
30. Loan where the lender goes through the borrower
Pay Period
Gross Income
EDGAR
Direct Car Loan
31. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Transfer Payments
Financial Needs
Values
Overdraft protection
32. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
Disclosure
Retirement Planning
1040 tax form
33. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Time value of money
Bankruptcy
Checkbook Register
Retirement Planning
34. A penalty for making a payment after the due date
Adjustable-Rate Loan
Credit
Asset Allocation
Late Fee
35. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Self-Interest
APR
Deduction
Statement of Cash Flows
36. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Market Capitalization
Lien
Personal Allowances
I-9
37. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Payday Loan
Late Fee
Withdrawal
38. The percentage of a sum of money charged for its use
Interest Rate
Stock Symbol
Checkbook Register
Coupon Rate
39. A regular payment to a person that iis intended to allow them to subsist without working
Unsecured Debt
Transaction
Pension
Retirement Planning
40. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Good Faith
EDGAR
Secured Debt
Phishing
41. A yearly statement of the financial condition - progress - and expectations of an organization
Ownership Investments
Total Assets
Annual Report
Wage
42. Institution that functions much like a business - but does not operate for the purpose of generating profits
Phishing
EFT
Net Worth
Nonprofit Organization
43. A general and progressive increase in prices
Inflation
Lien
Financial Institution
Stockholders' Equity
44. Short-term and Long-term objectives that are driven by values.
Financial Goals
Bank Statement
Issuer
401 K
45. A payment given as a guarantee that an obligation will be met
Inflation
Expenses
Secured Debt
Deposit
46. The time interval between the deposit of a check in a bank and its payment
Secured Loan
Nonprofit Organization
Market Capitalization
Float
47. A debt not backed by specific property to satisfy the indebtedness in case of default.
Nonprofit Organization
Unsecured Debt
Shares Outstanding
Stocks
48. An exchange that occurs as a compromise
Float
Bankruptcy
Trade-off
Deposit
49. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Time value of money
Deductions
Incentives
SEC Filings
50. 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.
Total Assets
Unsecured Loan
Opportunity Cost
Investing