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. Shares of ownership in a company






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






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






4. 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






5. An automatic loan made to you if you write a check for more money than you have in your account






6. A share set aside for a specific purpose






7. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






8. A penalty for making a payment after the due date






9. Anything that is used to produce goods or services






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






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






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






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






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






15. Production of a certain amount






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






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






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






19. The apparent worth as opposed to the real worth






20. All costs or bills related to the business






21. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






22. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






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






25. A business activity that changes assets - liabilities - or owner's equity






26. Profits paid to investors






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






28. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






29. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






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






32. Concern for ones own well being and advantages






33. Something that is made open or revealed






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






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






36. 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.






37. 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






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






39. The maximum credit that a customer is allowed






40. Compute credits and debits of an account






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






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






43. The amount of money you would need to deposit now in order to attain a desired amount in the future






44. A long-term loan extended to someone who buys property






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






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






47. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






48. Receiving money for loaning money






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






50. 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.