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






2. A loan backed by something valuable - such as property






3. Maintain by writing regular records






4. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






5. An accounting entry acknowledging income or capital items






6. The amount accruing to the corporations owners

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7. Short-term and Long-term objectives that are driven by values.






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






9. Stock other than preferred stock






10. An accounting entry acknowledging sums that are owing






11. 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.






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






13. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






14. Loan deal in which the actual lender may not be known to the borrower.






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






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






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






18. The economical needs of an individual






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






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






21. 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






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






23. Payment for insurance






24. A person appointed by a testator to carry out the terms of the will






25. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






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






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






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






29. A bond with zero discounts






30. The act of reducing the selling price of merchandise






31. An act of economizing






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






33. An obligation to pay money to another party






34. Bring into consonance or accord - to agree on terms






35. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






37. Protection against future loss






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






39. A loan in which the rate can be altered to adjust to economical need






40. Arrangement for deferred payment for goods and services






41. The amount of tax owed






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






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






44. 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






45. Something that is made open or revealed






46. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






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






49. Someone who has insufficient assets to cover their debts






50. The extent to which something is covered